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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.0175 per share by the investment management company on Friday, November 20th. This represents a $0.21 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Thursday, November 5th.

BNY Mellon High Yield Strategies Fund Trading Down 0.2%

BNY Mellon High Yield Strategies Fund stock traded down $0.01 during mid-day trading on Friday, reaching $2.19. The stock had a trading volume of 69,946 shares, compared to its average volume of 327,051. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.12 and a fifty-two week high of $2.59. The stock’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $2.37.

Insider Buying and Selling at BNY Mellon High Yield Strategies Fund

In other BNY Mellon High Yield Strategies Fund news, Director Joseph S. Dimartino acquired 20,000 shares of BNY Mellon High Yield Strategies Fund stock in a transaction dated Thursday, September 24th. The stock was purchased at an average cost of $2.22 per share, for a total transaction of $44,400.00. Following the completion of the acquisition, the director directly owned 240,000 shares of the company’s stock, valued at $532,800. This represents a 9.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.61% of the company’s stock.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Investment Advisors LLC lifted its holdings in shares of BNY Mellon High Yield Strategies Fund by 13.0% in the third quarter. Capital Investment Advisors LLC now owns 225,755 shares of the investment management company’s stock valued at $501,000 after purchasing an additional 25,995 shares in the last quarter. Curated Wealth Partners LLC purchased a new stake in BNY Mellon High Yield Strategies Fund in the 3rd quarter valued at $47,000. Hennion & Walsh Asset Management Inc. boosted its holdings in BNY Mellon High Yield Strategies Fund by 17.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,872,844 shares of the investment management company’s stock worth $4,532,000 after acquiring an additional 275,168 shares during the last quarter. Fermata Advisors LLC purchased a new position in BNY Mellon High Yield Strategies Fund during the 2nd quarter worth $42,000. Finally, Rivernorth Capital Management LLC raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 14.3% in the first quarter. Rivernorth Capital Management LLC now owns 366,828 shares of the investment management company’s stock valued at $895,000 after purchasing an additional 45,764 shares during the last quarter. 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 closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in high-yield corporate debt securities, commonly known as below-investment-grade or “junk” bonds.

Its portfolio may include a diversified range of fixed-income securities issued by companies in the United States and other markets. These investments generally carry greater credit and default risk than investment-grade bonds, but may offer higher income potential.