Neuberger Berman High Yield Strategies Fund (NHS) To Go Ex-Dividend on April 7th

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) declared a monthly dividend on Thursday, March 12th. Investors of record on Tuesday, April 7th will be given a dividend of 0.0905 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend is Tuesday, April 7th.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock opened at $6.50 on Friday. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.26 and a 52 week high of $7.80. The company has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $7.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC grew its position in Neuberger Berman High Yield Strategies Fund by 38.0% in the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after acquiring an additional 156,386 shares in the last quarter. GraniteShares Advisors LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at approximately $2,832,000. Invesco Ltd. raised its position in Neuberger Berman High Yield Strategies Fund by 3.5% during the second quarter. Invesco Ltd. now owns 258,944 shares of the investment management company’s stock valued at $1,963,000 after purchasing an additional 8,676 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 15.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 237,490 shares of the investment management company’s stock valued at $1,781,000 after purchasing an additional 31,298 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 47.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 117,760 shares of the investment management company’s stock valued at $883,000 after purchasing an additional 37,860 shares during the last quarter.

About Neuberger Berman High Yield Strategies Fund

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.