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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.0175 per share by the investment management company on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, August 6th.

BNY Mellon High Yield Strategies Fund Stock Down 1.5%

Shares of NYSE DHF opened at $2.37 on Friday. The stock has a fifty day moving average price of $2.41 and a 200 day moving average price of $2.44. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.33 and a 1-year high of $2.63.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. grew its stake in shares of BNY Mellon High Yield Strategies Fund by 493.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock worth $26,000 after purchasing an additional 8,337 shares during the period. Sentinel Pension Advisors LLC purchased a new position in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at about $33,000. World Investment Advisors purchased a new position in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at about $35,000. Finally, Marex Group plc acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at 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.