BNY Mellon High Yield Strategies Fund (DHF) to Distribute Monthly Dividend of $0.02 on July 23rd

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Wednesday, June 24th. Shareholders of record on Thursday, July 9th will be given a dividend of 0.0175 per share by the investment management company on Thursday, July 23rd. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Thursday, July 9th.

BNY Mellon High Yield Strategies Fund Trading Up 0.2%

DHF opened at $2.40 on Friday. The stock has a fifty day simple moving average of $2.42 and a two-hundred day simple moving average of $2.45. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.33 and a 12-month high of $2.63.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Sit Investment Associates Inc. raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 1.4% during the 4th quarter. Sit Investment Associates Inc. now owns 3,543,326 shares of the investment management company’s stock worth $8,787,000 after acquiring an additional 47,342 shares in the last quarter. Fiera Capital Corp increased its position in BNY Mellon High Yield Strategies Fund by 43.9% during the fourth quarter. Fiera Capital Corp now owns 494,528 shares of the investment management company’s stock valued at $1,226,000 after acquiring an additional 150,848 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in BNY Mellon High Yield Strategies Fund during the 4th quarter valued at about $109,000. World Investment Advisors purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter worth approximately $35,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter worth approximately $607,000. 36.16% of the stock is currently owned by institutional investors.

About BNY Mellon High Yield Strategies Fund

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.