Neuberger Berman High Yield Strategies Fund Announces 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) announced 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) annualized dividend and a dividend yield of 14.2%. The ex-dividend date of this dividend is Monday, September 15th.

Neuberger Berman High Yield Strategies Fund Stock Up 0.8%

Shares of NHS stock traded up $0.06 during mid-day trading on Friday, hitting $7.67. The stock had a trading volume of 327,143 shares, compared to its average volume of 155,244. The company's 50-day simple moving average is $7.46 and its 200-day simple moving average is $7.52. Neuberger Berman High Yield Strategies Fund has a fifty-two week low of $6.62 and a fifty-two week high of $8.67.

Insiders Place Their Bets

In related news, Portfolio Manager Chris Kocinski acquired 6,000 shares of Neuberger Berman High Yield Strategies Fund stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average price of $7.40 per share, with a total value of $44,400.00. Following the completion of the acquisition, the portfolio manager directly owned 21,000 shares of the company's stock, valued at $155,400. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $90,000. XTX Topco Ltd acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 2nd quarter valued at about $113,000. Ameriprise Financial Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $115,000. AlphaCore Capital LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund in the 1st quarter valued at about $199,000. Finally, Apollon Wealth Management LLC lifted its holdings in Neuberger Berman High Yield Strategies Fund by 100.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company's stock valued at $220,000 after acquiring an additional 14,547 shares during the last quarter.

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.

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