Neuberger Berman High Yield Strategies Fund (NHS) to Issue Monthly Dividend of $0.09 on July 31st

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) announced a monthly dividend on Tuesday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.0905 per share by the investment management company on Thursday, July 31st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.31%. The ex-dividend date of this dividend is Tuesday, July 15th.

Neuberger Berman High Yield Strategies Fund Price Performance

NHS opened at $7.59 on Thursday. The business’s fifty day simple moving average is $7.55 and its 200 day simple moving average is $7.55. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.62 and a 52 week high of $8.67.

Insider Activity at Neuberger Berman High Yield Strategies Fund

In other news, Portfolio Manager Chris Kocinski bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the transaction, the portfolio manager directly owned 15,000 shares of the company’s stock, valued at $111,600. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Neuberger Berman High Yield Strategies Fund Company Profile

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.