Neuberger Berman High Yield Strategies Fund to Issue Monthly Dividend of $0.09 (NYSEAMERICAN:NHS)

Key Points

• Neuberger Berman High Yield Strategies Fund has announced a monthly dividend of $0.09 per share, payable on September 30th, with an annualized yield of 14.2%.
• On the trading day prior to the announcement, NHS stock increased by 0.8%, reaching a price of $7.67.
• Several institutional investors acquired new stakes in the fund recently, with notable purchases including Ameriprise Financial Inc. and Apollon Wealth Management LLC, which increased its holdings by over 100%.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) declared a monthly dividend on Friday, August 29th. Stockholders of record on Monday, September 15th will be given a dividend of 0.0905 per share by the investment management company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Monday, September 15th.

Neuberger Berman High Yield Strategies Fund Price Performance

Shares of NHS stock traded down $0.01 during trading hours on Thursday, reaching $7.64. The stock had a trading volume of 76,890 shares, compared to its average volume of 174,086. The stock's fifty day simple moving average is $7.46 and its 200 day simple moving average is $7.51. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.62 and a 12 month high of $8.67.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.