BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) announced a monthly dividend on Thursday, June 26th, Wall Street Journal reports. Stockholders of record on Thursday, July 10th will be given 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 Performance
Shares of DHF stock traded up $0.01 on Thursday, hitting $2.57. The stock had a trading volume of 844,873 shares, compared to its average volume of 349,269. The business has a 50 day moving average of $2.49 and a 200 day moving average of $2.53. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.22 and a 12-month high of $2.69.
Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund
A hedge fund recently raised its stake in BNY Mellon High Yield Strategies Fund stock. Geneos Wealth Management Inc. boosted its holdings in BNY Mellon High Yield Strategies Fund (NYSE:DHF - Free Report) by 493.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,025 shares of the investment management company's stock after purchasing an additional 8,337 shares during the period. Geneos Wealth Management Inc.'s holdings in BNY Mellon High Yield Strategies Fund were worth $26,000 as of its most recent SEC filing. 36.16% of the stock is currently owned by institutional investors.
BNY Mellon High Yield Strategies Fund Company Profile
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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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