Wells Fargo & Company MN raised its stake in shares of Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 711,707 shares of the investment management company’s stock after purchasing an additional 112,341 shares during the period. Wells Fargo & Company MN’s holdings in Neuberger Berman High Yield Strateges Fd were worth $8,369,000 at the end of the most recent quarter.
Shares of NHS stock opened at $10.97 on Friday. The company has a market cap of $221.12, a PE ratio of 3.03 and a beta of 0.59. Neuberger Berman High Yield Strateges Fd has a 12-month low of $10.85 and a 12-month high of $12.35.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.0725 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Wednesday, March 14th. Neuberger Berman High Yield Strateges Fd’s dividend payout ratio (DPR) is 23.64%.
Neuberger Berman High Yield Strategies Fund Inc is a non-diversified, closed-end management investment company. The Fund seeks total return (income plus capital appreciation). The Fund normally invests at least 80% of its total assets in high yield debt securities of the United States and foreign issuers, which include securities that are rated below investment grade by a rating agency or are unrated debt securities determined to be of comparable quality by the Fund’s investment manager.
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