BNY Mellon High Yield Strategies Fund (NYSE:DHF) Increases Dividend to $0.02 Per Share

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 Trading Up 0.4 %

BNY Mellon High Yield Strategies Fund stock opened at $2.40 on Thursday. BNY Mellon High Yield Strategies Fund has a fifty-two week low of $2.06 and a fifty-two week high of $2.41. The business’s 50-day simple moving average is $2.35 and its two-hundred day simple moving average is $2.26.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 129.7% in the fourth quarter. Wells Fargo & Company MN now owns 11,358 shares of the investment management company’s stock worth $25,000 after buying an additional 6,414 shares during the last quarter. HRT Financial LP acquired a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth about $25,000. Citadel Advisors LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the 2nd quarter worth about $27,000. Mariner LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the 3rd quarter worth about $33,000. Finally, Nomura Holdings Inc. acquired a new position in BNY Mellon High Yield Strategies Fund in the 2nd quarter worth about $42,000. Hedge funds and other 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.