Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB – Get Free Report) traded up 0.3% on Wednesday . The stock traded as high as $10.58 and last traded at $10.54. Approximately 52,442 shares changed hands during trading, a decline of 7% from the average daily volume of 56,133 shares. The stock had previously closed at $10.51.
BNY Mellon Municipal Bond Infrastructure Fund Price Performance
The stock has a 50-day moving average of $10.80 and a 200-day moving average of $10.86.
BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a c) annualized dividend and a yield of 5.7%.
Hedge Funds Weigh In On BNY Mellon Municipal Bond Infrastructure Fund
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.
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