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

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

BNY Mellon High Yield Strategies Fund Stock Down 0.2%

Shares of NYSE DHF opened at $2.40 on Thursday. The firm’s 50 day simple moving average is $2.43 and its 200-day simple moving average is $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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in BNY Mellon High Yield Strategies Fund by 493.9% in the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock valued at $26,000 after buying an additional 8,337 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the 2nd quarter valued at about $26,000. Avior Wealth Management LLC purchased a new position in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at about $28,000. Integrity Advisory Solutions LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the 3rd quarter worth about $28,000. Finally, Sentinel Pension Advisors LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 36.16% of the company’s stock.

BNY Mellon High Yield Strategies Fund Company Profile

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.