BNY Mellon Municipal Bond Infrastructure Fund, Inc.
DMB
New York Stock Exchange10.73
USD
+0.07
(+0.66%)
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
DMB
(New York Stock Exchange)
Recent
price
10.73
P/E
ratio
-13.94
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) operates as a diversified, closed-end management investment company focused on providing high current income exempt from regular federal income tax while preserving capital; it invests at least 80% of its managed assets in municipal bonds issued to finance infrastructure sectors and projects across the United States, including revenue bonds from taxes or tolls tied to roads, bridges, utilities, and public transportation. The fund offers monthly federal tax-exempt dividends to shareholders through its portfolio of high-quality and high-yield municipal bonds, with an emphasis on infrastructure rebuilding initiatives supported by federal programs like the Infrastructure Investment and Jobs Act; it employs leverage via borrowed funds and Remarketable Variable Rate MuniFund Term Preferred Shares to potentially enhance returns, resulting in a leveraged effective duration that accounts for interest rate sensitivity and optional call provisions. Headquartered in New York, NY, and founded on April 26, 2013—formerly known as Dreyfus Municipal Bond Infrastructure Fund, Inc.—the fund is managed by BNY Mellon Investment Adviser, Inc., targeting tax-aware investors seeking stable income from U.S. municipal debt obligations issued by states, territories, political subdivisions, agencies, and multistate authorities. Recent developments include increased monthly distributions, such as the October 2025 announcement of $0.0420 per share payable December 1, 2025—up from $0.0380 the prior month—driven by higher yields on investments amid stabilizing municipal bond markets; this follows adjustments downward in 2022-2023 due to rising rates, signaling adaptation and consistency in income generation as of late 2025.