BNY Mellon High Yield Strategies Fund (DHF) to Distribute Monthly Dividend of $0.02 on August 20th

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Thursday, July 23rd. Shareholders 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 9.0%. The ex-dividend date of this dividend is Thursday, August 6th.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of BNY Mellon High Yield Strategies Fund stock opened at $2.35 on Friday. The business has a 50 day simple moving average of $2.41 and a two-hundred day simple moving average of $2.44. 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 large investors have recently made changes to their positions in DHF. Hennion & Walsh Asset Management Inc. lifted its holdings in BNY Mellon High Yield Strategies Fund by 17.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,872,844 shares of the investment management company’s stock valued at $4,532,000 after purchasing an additional 275,168 shares in the last quarter. Fermata Advisors LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth $42,000. Rivernorth Capital Management LLC grew its holdings in shares of BNY Mellon High Yield Strategies Fund by 14.3% during the first quarter. Rivernorth Capital Management LLC now owns 366,828 shares of the investment management company’s stock worth $895,000 after buying an additional 45,764 shares in the last quarter. Bulldog Investors LLP acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at about $700,000. Finally, World Investment Advisors acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $35,000. 36.16% of the stock is currently owned by hedge funds and other 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.