Neuberger Berman High Yield Strategies Fund (NHS) To Go Ex-Dividend on June 15th

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) declared a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be given a dividend of 0.0905 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 17.2%. The ex-dividend date of this dividend is Monday, June 15th.

Neuberger Berman High Yield Strategies Fund Stock Performance

NYSEAMERICAN NHS remained flat at $6.33 on Friday. The company had a trading volume of 97,500 shares, compared to its average volume of 205,776. The business has a 50-day simple moving average of $6.41 and a 200 day simple moving average of $6.99. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.13 and a 12 month high of $7.75.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MRA Advisory Group lifted its holdings in Neuberger Berman High Yield Strategies Fund by 10.9% during the third quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 1,693 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 24.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after purchasing an additional 2,597 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 18.0% in the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,857 shares in the last quarter. Equitable Holdings Inc. raised its position in shares of Neuberger Berman High Yield Strategies Fund by 7.3% during the 3rd quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock valued at $370,000 after purchasing an additional 3,343 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of Neuberger Berman High Yield Strategies Fund by 3.7% during the 4th quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock valued at $816,000 after purchasing an additional 3,930 shares during the period.

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.