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

Key Points

• BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend of $0.02, with stockholders of record set to receive it on November 21st.
• The fund's annualized dividend yield is 8.2%; the ex-dividend date is November 6th.
• Institutional investors currently hold 36.16% of the stock, indicating increased interest from hedge funds and investment groups.

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) announced a monthly dividend on Friday, October 24th. Stockholders of record on Thursday, November 6th will be paid a dividend of 0.0175 per share by the investment management company on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Thursday, November 6th.

BNY Mellon High Yield Strategies Fund Trading Up 0.2%

Shares of NYSE DHF opened at $2.58 on Friday. BNY Mellon High Yield Strategies Fund has a 52-week low of $2.21 and a 52-week high of $2.67. The company's 50-day simple moving average is $2.59 and its 200-day simple moving average is $2.54.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in BNY Mellon High Yield Strategies Fund during the second quarter worth about $26,000. Geneos Wealth Management Inc. raised its stake in BNY Mellon High Yield Strategies Fund by 493.9% during the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company's stock worth $26,000 after purchasing an additional 8,337 shares during the period. J.W. Cole Advisors Inc. purchased a new position in BNY Mellon High Yield Strategies Fund during the second quarter worth about $31,000. Capital Investment Advisors LLC purchased a new position in BNY Mellon High Yield Strategies Fund during the third quarter worth about $32,000. Finally, CW Advisors LLC purchased a new position in BNY Mellon High Yield Strategies Fund during the first quarter worth about $33,000. 36.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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