BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) Plans Monthly Dividend of $0.03

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, April 16th will be paid a dividend of 0.03 per share on Thursday, May 1st. This represents a $0.36 annualized dividend and a yield of 3.38%. The ex-dividend date is Wednesday, April 16th.

BNY Mellon Municipal Bond Infrastructure Fund has decreased its dividend by an average of 17.3% annually over the last three years.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

Shares of DMB stock opened at $10.65 on Friday. BNY Mellon Municipal Bond Infrastructure Fund has a one year low of $9.93 and a one year high of $11.28. The firm’s 50 day moving average price is $10.65 and its 200-day moving average price is $10.71.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.