BNY Mellon High Yield Strategies Fund (NYSE:DHF) to Issue $0.02 Monthly Dividend

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) declared a monthly dividend on Thursday, July 24th, Wall Street Journal reports. Investors of record on Wednesday, August 6th will be given a dividend of 0.0175 per share by the investment management company on Wednesday, August 20th. This represents a $0.21 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date of this dividend is Wednesday, August 6th.

BNY Mellon High Yield Strategies Fund Trading Down 0.2%

Shares of NYSE:DHF traded down $0.01 during midday trading on Thursday, reaching $2.57. The company had a trading volume of 773,602 shares, compared to its average volume of 431,831. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.21 and a 1-year high of $2.69. The company has a fifty day simple moving average of $2.54 and a two-hundred day simple moving average of $2.53.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

An institutional investor recently raised its position in BNY Mellon High Yield Strategies Fund stock. Geneos Wealth Management Inc. grew its position in shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF - Free Report) by 493.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,025 shares of the investment management company's stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 36.16% of the stock is currently owned by hedge funds and other institutional investors.

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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