BNY Mellon High Yield Strategies Fund (DHF) to Issue Monthly Dividend of $0.02 on April 24th

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Tuesday, March 26th, Zacks reports. Investors of record on Wednesday, April 10th will be paid a dividend of 0.018 per share by the investment management company on Wednesday, April 24th. This represents a $0.22 annualized dividend and a yield of 9.00%. The ex-dividend date is Tuesday, April 9th. This is a boost from BNY Mellon High Yield Strategies Fund’s previous monthly dividend of $0.02.

BNY Mellon High Yield Strategies Fund Stock Up 0.4 %

NYSE DHF opened at $2.40 on Thursday. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.06 and a 1-year high of $2.41. The company has a 50 day moving average of $2.35 and a 200-day moving average of $2.26.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Large investors have recently made changes to their positions in the business. Doyle Wealth Management bought a new stake in BNY Mellon High Yield Strategies Fund during the 1st quarter worth about $70,000. NewEdge Advisors LLC lifted its holdings in BNY Mellon High Yield Strategies Fund by 5.2% during the 1st quarter. NewEdge Advisors LLC now owns 220,500 shares of the investment management company’s stock worth $613,000 after buying an additional 10,900 shares in the last quarter. Invesco Ltd. increased its stake in shares of BNY Mellon High Yield Strategies Fund by 1.7% in the 1st quarter. Invesco Ltd. now owns 988,917 shares of the investment management company’s stock valued at $2,749,000 after buying an additional 16,518 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the first quarter valued at $270,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the first quarter worth approximately $178,000. Institutional investors own 18.75% of the company’s stock.

BNY Mellon High Yield Strategies Fund Company Profile

BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.