BNY Mellon High Yield Strategies Fund to Issue Monthly Dividend of $0.02 (NYSE:DHF)

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Wednesday, August 26th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.0175 per share by the investment management company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Thursday, September 10th.

BNY Mellon High Yield Strategies Fund Price Performance

BNY Mellon High Yield Strategies Fund stock opened at $2.38 on Thursday. The firm has a 50-day moving average of $2.39 and a two-hundred day moving average of $2.42. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.32 and a 1 year high of $2.63.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Large investors have recently modified their holdings of the company. Fermata Advisors LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund during the 2nd quarter worth $42,000. Rivernorth Capital Management LLC raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 14.3% in the first quarter. Rivernorth Capital Management LLC now owns 366,828 shares of the investment management company’s stock valued at $895,000 after acquiring an additional 45,764 shares in the last quarter. Bulldog Investors LLP bought a new stake in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at about $700,000. Mariner LLC lifted its stake in BNY Mellon High Yield Strategies Fund by 150.0% in the fourth quarter. Mariner LLC now owns 31,507 shares of the investment management company’s stock worth $78,000 after acquiring an additional 18,904 shares during the period. Finally, Marex Group plc purchased a new stake in BNY Mellon High Yield Strategies Fund in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 36.16% of the company’s stock.

BNY Mellon High Yield Strategies Fund Company Profile

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.