BNY Mellon Municipal Bond Infrastructure Fund Announces $0.05 Monthly Dividend
The BNY Mellon Municipal Bond Infrastructure Fund (DMB) has declared a monthly dividend of $0.05 per share, resulting in an annualized forward yield of approximately 6.33%. The dividend is payable on November 2 to shareholders of record as of October 19, with the ex-dividend date also set for October 19. This consistent payout reflects DMB's strategy focused on generating high tax-equivalent yields through investments in municipal bonds tied to infrastructure projects. Investors are advised that while this fund offers attractive yield potential, it is not recommended as a short-term trading vehicle due to its long-term investment horizon and structure. The announcement reaffirms the fund’s commitment to regular income generation for investors seeking stable returns from tax-advantaged fixed-income assets.
Tickers: $DMB
Topics: dividends fixed income