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

Key Points

• Neuberger Berman High Yield Strategies Fund announced a monthly dividend of $0.0905 per share, payable May 29 to holders of record on May 15 (ex-dividend date May 15), implying an annualized yield of 16.8%.
• Shares opened at $6.47, trading near their 52-week low of $6.26, with a 50-day moving average of $6.85 and a 200-day moving average of $7.19.
• NHS is a closed-end fund that primarily invests in below-investment-grade corporate debt (high-yield bonds) to produce high current income and potential capital appreciation.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) announced a monthly dividend on Thursday, April 30th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0905 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 16.8%. The ex-dividend date is Friday, May 15th.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS opened at $6.47 on Friday. The firm's 50-day moving average price is $6.85 and its 200-day moving average price is $7.19. Neuberger Berman High Yield Strategies Fund has a 52-week low of $6.26 and a 52-week high of $7.80.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. GraniteShares Advisors LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at $2,832,000. Guggenheim Capital LLC raised its stake in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company's stock valued at $4,225,000 after buying an additional 156,386 shares during the last quarter. Shaker Financial Services LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $402,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $337,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the second quarter worth about $338,000.

About Neuberger Berman High Yield Strategies Fund

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.

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