BNY Mellon High Yield Strategies Fund to Issue Monthly Dividend of $0.02 (NYSE:DHF)

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Tuesday, March 24th. Shareholders of record on Wednesday, April 8th will be paid a dividend of 0.0175 per share by the investment management company on Wednesday, April 22nd. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Wednesday, April 8th.

BNY Mellon High Yield Strategies Fund Trading Down 0.3%

Shares of NYSE:DHF opened at $2.37 on Wednesday. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.21 and a 52 week high of $2.63. The firm’s fifty day moving average is $2.48 and its 200-day moving average is $2.52.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings in BNY Mellon High Yield Strategies Fund by 493.9% in the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 8,337 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth $26,000. Avior Wealth Management LLC bought a new position in BNY Mellon High Yield Strategies Fund during the fourth quarter worth $28,000. Integrity Advisory Solutions LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the third quarter valued at $28,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in BNY Mellon High Yield Strategies Fund during the 2nd quarter worth about $31,000. 36.16% of the stock is currently owned by institutional investors.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.