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

Rhea-AI Summary

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) declared a monthly dividend of $0.0530 per share, payable on June 1, 2021, to shareholders on record as of May 19, 2021. The ex-dividend date is set for May 18, 2021. The Fund aims to sustain regular distributions, adjusting payouts based on performance, which may include returning capital. As of March 31, 2021, BNY Mellon Investment Management boasts $2.2 trillion in assets under management.

Positive

• Monthly dividend maintained at $0.0530 per share, showing consistent income for shareholders.
• Fund seeks to sustain regular distributions as per projected performance.

Negative

• Potential for reduced payouts if net investment income is insufficient, which could impact shareholder confidence.
• Market conditions and portfolio performance may lead to changes in distribution policy.

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on June 1, 2021 to shareholders of record at the close of business on May 19, 2021. The ex-dividend date is May 18, 2021. The previous dividend announced in April 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210504006313/en/

FAQ

What is the recent dividend announcement for DMB?

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) announced a dividend of $0.0530 per share, payable on June 1, 2021.

When is the ex-dividend date for DMB?

The ex-dividend date for DMB is May 18, 2021.

How often does DMB distribute dividends?

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

What factors could affect DMB's dividend payments?

Dividend payments may be impacted by net investment income levels and market conditions.