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

BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Rating) announced a monthly dividend on Wednesday, May 24th, Zacks reports. Shareholders of record on Thursday, June 8th will be paid a dividend of 0.015 per share by the investment management company on Friday, June 23rd. This represents a $0.18 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date is Wednesday, June 7th.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of NYSE:DHF opened at $2.13 on Friday. BNY Mellon High Yield Strategies Fund has a 12 month low of $2.02 and a 12 month high of $2.58. The company’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $2.24.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the 1st quarter valued at about $64,000. Nomura Holdings Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the 1st quarter valued at about $54,000. Bank of America Corp DE boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 10.6% in the 1st quarter. Bank of America Corp DE now owns 906,150 shares of the investment management company’s stock valued at $1,966,000 after purchasing an additional 86,642 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the 1st quarter valued at about $181,000. Finally, Morgan Stanley boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 3.3% in the 4th quarter. Morgan Stanley now owns 390,979 shares of the investment management company’s stock valued at $845,000 after purchasing an additional 12,400 shares during the last quarter. Institutional investors own 14.49% of the company’s stock.

BNY Mellon High Yield Strategies Fund Company Profile

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BNY Mellon High Yield Strategies Fund is a non-diversified, closed-end management investment company. Its primary investment objective is to seek high current income. The firm invests its assets in income securities of U.S. issuers rated below investment grade quality or unrated income securities that The Dreyfus Corp., serving as the fund’s investment manager and administrator.