BNY Mellon High Yield Strategies Fund (NYSE:DHF) Announces $0.02 Monthly Dividend

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Wednesday, June 24th. Stockholders of record on Thursday, July 9th will be given a dividend of 0.0175 per share by the investment management company on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Thursday, July 9th.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of DHF stock opened at $2.40 on Thursday. The firm has a fifty day moving average of $2.43 and a 200-day moving average of $2.45. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.33 and a 12-month high of $2.63.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.