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

Rhea-AI Summary

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) has declared a distribution of $0.0530 per share, payable on September 1, 2021, to shareholders on record as of August 18, 2021. The ex-dividend date is August 17, 2021. This follows the same distribution amount announced in July 2021. The Fund aims to maintain consistent monthly distributions, which may occasionally involve paying out less than net investment income or returning capital, depending on market conditions and performance.

Positive

• Consistent monthly distribution of $0.0530 per share, reflecting stable income for shareholders.
• Strong backing from BNY Mellon Investment Management, managing $2.3 trillion in assets.

Negative

• Potential for decreased distributions depending on market conditions, which may affect shareholder income.
• Investment returns and principal values may fluctuate, impacting the market price of shares.

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on September 1, 2021 to shareholders of record at the close of business on August 18, 2021. The ex-dividend date is August 17, 2021. The previous dividend announced in July 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 $2.3 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 $45 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210803006111/en/

FAQ

What is the dividend amount for DMB in September 2021?

The dividend amount for DMB is $0.0530 per share, payable on September 1, 2021.

What is the record date for DMB's September 2021 dividend?

The record date for DMB's September 2021 dividend is August 18, 2021.

What is the ex-dividend date for DMB?

The ex-dividend date for DMB is August 17, 2021.

How often does DMB distribute dividends?

DMB intends to make regular monthly distributions to its common shareholders.

Can DMB's dividend amount change?

Yes, the Fund's distribution policy may change based on market conditions and performance.