Summary
- DMB provides investors a monthly federal tax-exempt dividend by investing in high-yielding municipal bonds, with an emphasis on infrastructure projects.
- Due to a looming recession, many investors find municipal bond funds like DMB attractive due to their local government appeal and tax-exempt status.
- DMB’s steady monthly yield generated for the past few years is almost certain to stay constant as it is covered by the average coupon earned on its portfolio.
Seeking Alpha
Sep. 06, 2022