BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) announced a monthly dividend on Friday, May 23rd, Wall Street Journal reports. Investors of record on Friday, June 6th will be paid 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 8.45%. The ex-dividend date of this dividend is Friday, June 6th.
BNY Mellon High Yield Strategies Fund Price Performance
NYSE:DHF traded up $0.02 on Tuesday, reaching $2.49. The stock had a trading volume of 8,131 shares, compared to its average volume of 311,887. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.22 and a 1-year high of $2.69. The stock has a fifty day moving average price of $2.46 and a 200-day moving average price of $2.54.
Institutional Investors 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. grew its holdings in BNY Mellon High Yield Strategies Fund (NYSE:DHF - Free Report) by 493.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. 36.16% of the stock is owned by hedge funds and other institutional investors.
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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