BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Dividend

Rhea-AI Summary

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) announced a dividend of $0.0530 per share, payable on August 2, 2021, to shareholders of record as of July 20, 2021. The ex-dividend date is July 19, 2021. This marks the same dividend amount as announced previously in June. The Fund aims for regular monthly distributions based on projected performance, with the possibility of adjusting payouts as needed based on market conditions.

Positive

• Monthly dividend of $0.0530 per share demonstrates commitment to shareholder returns.

Negative

• Potential for reduced payouts if net investment income does not cover distributions.

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on August 2, 2021 to shareholders of record at the close of business on July 20, 2021. The ex-dividend date is July 19, 2021. The previous dividend announced in June was $0.0530 per share of common stock.

The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance. At times, to maintain a stable level of distributions, the Fund may pay out less than all of its net investment income or, in addition to paying out current net investment income, the Fund may pay out accumulated undistributed income, or may return capital. As market conditions and portfolio performance may change, the rate of distributions on the Fund's shares of common stock and the Fund's distribution policy could change.

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world’s largest asset managers, with $2.2 trillion in assets under management as of March 31, 2021. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com.

BNY Mellon Investment Management is a division of BNY Mellon, which has $41.7 trillion in assets under custody and/or administration as of March 31, 2021. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

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FAQ

What is the dividend payment date for DMB?

The dividend payment date for DMB is August 2, 2021.

What is the amount of the dividend for DMB shareholders?

The dividend amount for DMB shareholders is $0.0530 per share.

When is the ex-dividend date for DMB?

The ex-dividend date for DMB is July 19, 2021.

Will DMB continue to pay monthly dividends?

Yes, DMB intends to make regular monthly distributions, but amounts may vary.