BNY Mellon High Yield Strategies Fund (DHF) To Go Ex-Dividend on March 10th

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Tuesday, February 24th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.0175 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, March 10th.

BNY Mellon High Yield Strategies Fund Trading Down 0.8%

Shares of NYSE:DHF opened at $2.41 on Friday. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.21 and a 1 year high of $2.63. The firm has a fifty day moving average price of $2.51 and a 200 day moving average price of $2.54.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its position in shares of BNY Mellon High Yield Strategies Fund by 493.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock worth $26,000 after acquiring an additional 8,337 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the second quarter valued at approximately $26,000. Avior Wealth Management LLC bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter valued at approximately $28,000. Integrity Advisory Solutions LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at $28,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at $31,000. 36.16% of the stock is currently owned by institutional investors and hedge funds.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.