BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) announced a monthly dividend on Friday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.0175 per share by the investment management company on Monday, June 23rd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date is Friday, June 6th.
BNY Mellon High Yield Strategies Fund Stock Performance
BNY Mellon High Yield Strategies Fund stock remained flat at $2.49 during midday trading on Wednesday. The company had a trading volume of 952,431 shares, compared to its average volume of 315,767. The firm has a fifty day moving average price of $2.45 and a 200-day moving average price of $2.54. BNY Mellon High Yield Strategies Fund has a 52-week low of $2.22 and a 52-week high of $2.69.
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. lifted its holdings in BNY Mellon High Yield Strategies Fund (NYSE:DHF - Free Report) by 493.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,025 shares of the investment management company's stock after acquiring 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. Institutional investors own 36.16% of the company's stock.
About BNY Mellon High Yield Strategies Fund
(
Get Free Report)
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.
Recommended Stories
Before you consider BNY Mellon High Yield Strategies Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BNY Mellon High Yield Strategies Fund wasn't on the list.
While BNY Mellon High Yield Strategies Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
