Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Get Free Report) declared a monthly dividend on Monday, June 2nd, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.0905 per share by the investment management company on Monday, June 30th. This represents a $1.09 annualized dividend and a dividend yield of 14.34%. The ex-dividend date is Monday, June 16th.
Neuberger Berman High Yield Strategies Fund Stock Down 0.2%
NHS stock traded down $0.02 during midday trading on Thursday, reaching $7.58. 16,244 shares of the company's stock traded hands, compared to its average volume of 153,393. The stock's 50-day moving average is $7.45 and its 200 day moving average is $7.60. Neuberger Berman High Yield Strategies Fund has a 52-week low of $6.62 and a 52-week high of $8.67.
Insider Transactions at Neuberger Berman High Yield Strategies Fund
In related news, Portfolio Manager Chris Kocinski bought 15,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was purchased at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the portfolio manager now owns 15,000 shares in the company, valued at $111,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
About Neuberger Berman High Yield Strategies Fund
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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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