BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) declared a monthly dividend on Thursday, June 26th, Wall Street Journal reports. Stockholders of record on Thursday, July 10th will be paid a dividend of 0.0175 per share by the investment management company on Thursday, July 24th. This represents a $0.21 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Thursday, July 10th.
BNY Mellon High Yield Strategies Fund Stock Up 0.2%
NYSE:DHF traded up $0.01 during mid-day trading on Friday, reaching $2.57. The stock had a trading volume of 349,393 shares, compared to its average volume of 350,370. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.22 and a 1-year high of $2.69. The stock's 50 day simple moving average is $2.50 and its two-hundred day simple moving average is $2.53.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in BNY Mellon High Yield Strategies Fund stock. Geneos Wealth Management Inc. increased its position in shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF - Free Report) by 493.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,025 shares of the investment management company's stock after purchasing an additional 8,337 shares during the quarter. Geneos Wealth Management Inc.'s holdings in BNY Mellon High Yield Strategies Fund were worth $26,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.16% of the company's stock.
About BNY Mellon High Yield Strategies Fund
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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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