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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMBGet Free Report) announced a monthly dividend on Tuesday, February 6th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.03 per share on Friday, March 1st. This represents a $0.36 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, February 16th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Up 0.5 %

DMB stock traded up $0.05 during trading on Tuesday, reaching $10.27. 73,264 shares of the stock were exchanged, compared to its average volume of 81,115. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $8.94 and a twelve month high of $11.79. The stock has a 50 day simple moving average of $10.21 and a 200-day simple moving average of $10.20.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in BNY Mellon Municipal Bond Infrastructure Fund by 34.3% during the first quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock valued at $304,000 after purchasing an additional 6,699 shares in the last quarter. Royal Bank of Canada raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 23.8% in the second quarter. Royal Bank of Canada now owns 23,204 shares of the company’s stock valued at $250,000 after acquiring an additional 4,464 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at approximately $240,000. Jane Street Group LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at approximately $170,000. Finally, Virtu Financial LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter valued at approximately $167,000.

About BNY Mellon Municipal Bond Infrastructure Fund

(Get Free Report)

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.

Featured Articles

Dividend History for BNY Mellon Municipal Bond Infrastructure Fund (NYSE:DMB)

Receive News & Ratings for BNY Mellon Municipal Bond Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNY Mellon Municipal Bond Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.