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NEW YORK – BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) has maintained its monthly common stock distribution at $0.0300 per share, consistent with the prior month’s distribution, the company announced today. The payment is scheduled for May 1, 2025, to shareholders on record as of April 16, 2025, which is also the ex-dividend date. The fund’s parent company, BNY Mellon, has demonstrated strong dividend reliability, with InvestingPro data showing 55 consecutive years of dividend maintenance and 14 years of consecutive increases.
The Fund’s approach is to provide regular monthly distributions to its shareholders, which may vary depending on its earnings and financial performance. In order to preserve a steady distribution level, the Fund might distribute less than its net investment income or tap into previously undistributed income or even return capital.
BNY Mellon Investment Adviser, Inc., the investment adviser to the Fund, operates within BNY Investments, a global asset management firm overseeing $2.0 trillion in assets as of December 31, 2024. BNY Investments offers a range of investment solutions through its seven specialist investment firms.
BNY Mellon, the parent company of BNY Investments, is the nation’s oldest bank with a history dating back to 1784 and currently has $52.1 trillion in assets under custody and/or administration as of December 31, 2024. The company focuses on aiding clients in managing and servicing their financial assets throughout the investment lifecycle.
Investors should note that closed-end funds, such as the BNY Mellon Municipal Bond Infrastructure Fund, are listed on stock exchanges and their share prices are subject to market fluctuations. The trading prices may be at a premium or discount to the net asset value of the fund’s portfolio, and there is no guarantee that the Fund will meet its investment objectives.
This distribution announcement is intended solely for informational purposes and should not be construed as investment advice or a recommendation for any specific security. The information is based on a press release statement.
In other recent news, the Bank of New York Mellon Corporation reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $1.54, surpassing the consensus estimate of $1.51. The company’s revenue for the quarter was $4.85 billion, significantly higher than the projected $4.64 billion. This strong performance was driven by growth across its key business segments, with assets under custody reaching $52.1 trillion and assets under management at $2.0 trillion by the end of the quarter. Additionally, CFRA analyst Kenneth Leon increased the price target for the bank’s shares to $95, maintaining a Buy rating, reflecting a positive outlook based on the company’s performance and future earnings projections.
Keefe, Bruyette & Woods analysts also maintained an Outperform rating, citing robust growth in net interest income and cost control as key factors in the bank’s success. In a separate financial move, the Bank of New York Mellon issued $1.25 billion in senior notes, part of its medium-term notes program, carrying a 4.942% fixed rate transitioning to a floating rate. Meanwhile, Compañía de Minas Buenaventura S.A.A. issued $650 million in senior unsecured notes, aiming to refinance existing debt and extend debt maturities. These developments indicate investor confidence in both companies’ stability and prospects.
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