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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Tuesday, March 26th, Zacks reports. Investors of record on Wednesday, April 10th will be given 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 of this dividend 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 %

Shares of BNY Mellon High Yield Strategies Fund stock opened at $2.40 on Thursday. The company’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.26. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.06 and a 52 week high of $2.41.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at about $7,577,000. Bank of America Corp DE lifted its holdings in shares of BNY Mellon High Yield Strategies Fund by 167.4% during the fourth quarter. Bank of America Corp DE now owns 819,508 shares of the investment management company’s stock worth $1,770,000 after buying an additional 512,979 shares during the last quarter. Saba Capital Management L.P. acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at $701,000. Atria Wealth Solutions Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at $270,000. Finally, Robinson Capital Management LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at $265,000. Institutional investors and hedge funds 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.