BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) to Issue Monthly Dividend of $0.03 on May 1st

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 3.54%. The ex-dividend date is Tuesday, April 16th.

BNY Mellon Municipal Bond Infrastructure Fund Trading Up 0.4 %

DMB traded up $0.04 during midday trading on Thursday, hitting $10.18. The company had a trading volume of 106,712 shares, compared to its average volume of 68,820. BNY Mellon Municipal Bond Infrastructure Fund has a twelve month low of $8.94 and a twelve month high of $11.79. The firm’s 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.06.

Institutional Investors Weigh In On BNY Mellon Municipal Bond Infrastructure Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of BNY Mellon Municipal Bond Infrastructure Fund by 23.8% during the second quarter. Royal Bank of Canada now owns 23,204 shares of the company’s stock worth $250,000 after buying an additional 4,464 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $240,000. Jane Street Group LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $170,000. Nomura Holdings Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $167,000. Finally, Virtu Financial LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter worth approximately $167,000.

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.