BNY Mellon High Yield Strategies Fund to Issue Sep 25 Dividend of $0.02 (NYSE:DHF)

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a sep 25 dividend on Wednesday, September 24th, RTT News reports. Stockholders of record on Wednesday, October 8th will be given a dividend of 0.0175 per share by the investment management company on Thursday, October 23rd. This represents a dividend yield of 806.0%. The ex-dividend date is Wednesday, October 8th.

BNY Mellon High Yield Strategies Fund Stock Down 0.2%

Shares of DHF stock opened at $2.58 on Monday. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.21 and a 1 year high of $2.67. The firm’s fifty day simple moving average is $2.59 and its 200 day simple moving average is $2.53.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Advance Capital Management Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the 2nd quarter worth approximately $78,000. Walleye Capital LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the 1st quarter valued at $37,000. 1607 Capital Partners LLC increased its position in BNY Mellon High Yield Strategies Fund by 22.9% in the first quarter. 1607 Capital Partners LLC now owns 877,462 shares of the investment management company’s stock worth $2,238,000 after purchasing an additional 163,749 shares during the period. Invesco Ltd. raised its stake in shares of BNY Mellon High Yield Strategies Fund by 2.0% during the first quarter. Invesco Ltd. now owns 899,994 shares of the investment management company’s stock worth $2,295,000 after buying an additional 17,795 shares during the last quarter. Finally, CW Advisors LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the 1st quarter valued at $33,000. 36.16% of the stock is currently owned by institutional investors.

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.