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

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) announced a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, April 17th will be given a dividend of 0.03 per share on Wednesday, May 1st. This represents a $0.36 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, April 16th.

BNY Mellon Municipal Bond Infrastructure Fund Stock Performance

NYSE DMB opened at $10.13 on Monday. The business has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $10.06. BNY Mellon Municipal Bond Infrastructure Fund has a fifty-two week low of $8.94 and a fifty-two week high of $11.79.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in DMB. Centaurus Financial Inc. lifted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 18.2% during the first quarter. Centaurus Financial Inc. now owns 13,000 shares of the company’s stock worth $161,000 after purchasing an additional 2,000 shares during the last quarter. Invesco Ltd. lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 57.3% in the 1st quarter. Invesco Ltd. now owns 118,055 shares of the company’s stock valued at $1,465,000 after acquiring an additional 42,997 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 43.0% in the 1st quarter. Guggenheim Capital LLC now owns 256,129 shares of the company’s stock valued at $3,179,000 after acquiring an additional 77,049 shares during the last quarter. Walleye Capital LLC bought a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 1st quarter valued at $125,000. Finally, UBS Group AG lifted its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 38.8% in the 2nd quarter. UBS Group AG now owns 88,549 shares of the company’s stock valued at $1,152,000 after acquiring an additional 24,747 shares during the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Company Profile

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.