BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB – Get Free Report) announced a monthly dividend on Thursday, July 2nd. Shareholders of record on Friday, July 17th will be paid a dividend of 0.05 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, July 17th.
BNY Mellon Municipal Bond Infrastructure Fund Price Performance
DMB stock opened at $11.06 on Friday. BNY Mellon Municipal Bond Infrastructure Fund has a one year low of $9.85 and a one year high of $11.28. The firm has a 50 day simple moving average of $10.94 and a two-hundred day simple moving average of $10.92.
BNY Mellon Municipal Bond Infrastructure Fund Company Profile
BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.
The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.
Featured Articles
- Five stocks we like better than BNY Mellon Municipal Bond Infrastructure Fund
- Why Kroger’s Giant Eagle Deal Could Change Everything
- Why the Comcast Spin-Off Won’t Fix What’s Actually Broken
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
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.
-logo-1200x675.gif){kind=logo}