Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Announces $0.09 Monthly Dividend

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be given a dividend of 0.0905 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 17.2%. The ex-dividend date of this dividend is Monday, June 15th.

Neuberger Berman High Yield Strategies Fund Price Performance

NHS remained flat at $6.33 during trading on Friday. 97,500 shares of the company traded hands, compared to its average volume of 205,776. The stock has a fifty day moving average of $6.41 and a 200-day moving average of $6.99. Neuberger Berman High Yield Strategies Fund has a 1 year low of $6.13 and a 1 year high of $7.75.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the third quarter worth $80,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $81,000. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth about $113,000. MRA Advisory Group increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 10.9% in the 3rd quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock worth $129,000 after acquiring an additional 1,693 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 18.0% in the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after acquiring an additional 2,857 shares during the period.

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.