- BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB, Financial) announces a 26.7% increase in its monthly distribution to $0.0380 per share.
- The distribution is payable on June 2, 2025, for shareholders of record on May 16, 2025.
- The higher distribution is attributed to increased yields on the Fund's investments.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) has declared an increase in its monthly distribution, raising it from $0.0300 to $0.0380 per share of common stock. This increase represents a significant 26.7% rise from the previous distribution announced on April 2, 2025. The distribution is scheduled to be paid on June 2, 2025, to shareholders recorded at the close of business on May 16, 2025, which is also the ex-dividend date.
The enhanced distribution underlines the Fund's strategy for consistent monthly payouts based on projected performance and reflects higher yields achieved on its investments. Additionally, BNY Mellon Municipal Bond Infrastructure Fund (DMB, Financial) may at times pay out accumulated undistributed income or return capital to maintain stable distribution levels.
BNY Investments, the parent company of the Fund, is a major global asset manager with $2.0 trillion in assets under management as of March 31, 2025. The investment adviser for the Fund is BNY Mellon Investment Adviser, Inc., which is part of the expansive BNY Investments offering solutions across various asset classes.
BNY, established in 1784, is America’s oldest bank, boasting $53.1 trillion in assets under custody and administration as of March 31, 2025. The Bank of New York Mellon Corporation, branded as BNY, offers comprehensive solutions to manage and service financial assets worldwide.
