BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB – Get Free Report) announced a monthly dividend on Thursday, April 2nd. Stockholders of record on Friday, April 17th will be given a dividend of 0.042 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, April 17th.
BNY Mellon Municipal Bond Infrastructure Fund Stock Performance
Shares of BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.88 on Wednesday. BNY Mellon Municipal Bond Infrastructure Fund has a 52-week low of $9.81 and a 52-week high of $11.28. The company’s 50 day moving average price is $10.88 and its 200-day moving average price is $10.82.
Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund
Several hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the fourth quarter worth about $55,000. Kestra Advisory Services LLC purchased a new stake in BNY Mellon Municipal Bond Infrastructure Fund in the 4th quarter worth approximately $72,000. Triumph Capital Management bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 3rd quarter worth approximately $78,000. Nomura Holdings Inc. bought a new stake in shares of BNY Mellon Municipal Bond Infrastructure Fund in the 2nd quarter worth approximately $102,000. Finally, Closed End Fund Advisors Inc. purchased a new position in shares of BNY Mellon Municipal Bond Infrastructure Fund during the fourth quarter valued at approximately $183,000.
About BNY Mellon Municipal Bond Infrastructure Fund
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.
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