BNY Mellon High Yield Strategies Fund (NYSE:DHF) Shares Will Pay Monthly Dividend of $0.02

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Thursday, September 24th. Investors of record on Thursday, October 8th will be given a dividend of $0.0175 per share by the investment management company on Friday, October 23rd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, October 8th.

BNY Mellon High Yield Strategies Fund Price Performance

BNY Mellon High Yield Strategies Fund stock traded up $0.01 during trading on Friday, hitting $2.21. The stock had a trading volume of 23,257 shares, compared to its average volume of 316,985. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.12 and a 1 year high of $2.61. The stock’s 50 day moving average is $2.35 and its two-hundred day moving average is $2.39.

BNY Mellon High Yield Strategies Fund Company Profile

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a closed-end investment fund that seeks to provide investors with a high level of current income and, secondarily, capital appreciation. The fund is managed by BNY Mellon Investment Adviser, LLC, and invests primarily in high-yield, below-investment-grade debt securities.

The fund’s portfolio may include corporate bonds, notes, loans and other fixed-income instruments issued by companies across a range of industries. These securities generally offer higher income potential than investment-grade debt but also carry greater credit and default risk.