Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Announces Monthly Dividend of $0.09

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) announced a monthly dividend on Friday, March 29th, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0905 per share by the investment management company on Tuesday, April 30th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 13.47%. The ex-dividend date is Friday, April 12th.

Neuberger Berman High Yield Strategies Fund Stock Down 0.4 %

Shares of Neuberger Berman High Yield Strategies Fund stock traded down $0.03 during trading hours on Friday, reaching $8.06. 279,344 shares of the company were exchanged, compared to its average volume of 94,103. Neuberger Berman High Yield Strategies Fund has a 1 year low of $6.95 and a 1 year high of $9.17.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

Several large investors have recently bought and sold shares of the business. LPL Financial LLC increased its holdings in Neuberger Berman High Yield Strategies Fund by 34.9% in the second quarter. LPL Financial LLC now owns 327,192 shares of the investment management company’s stock valued at $2,742,000 after buying an additional 84,602 shares during the last quarter. Invesco Ltd. boosted its stake in Neuberger Berman High Yield Strategies Fund by 81.4% in the third quarter. Invesco Ltd. now owns 253,548 shares of the investment management company’s stock valued at $1,909,000 after acquiring an additional 113,738 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 48.7% in the first quarter. Baird Financial Group Inc. now owns 105,584 shares of the investment management company’s stock valued at $1,206,000 after acquiring an additional 34,564 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 7.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 76,618 shares of the investment management company’s stock valued at $653,000 after acquiring an additional 5,395 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Neuberger Berman High Yield Strategies Fund by 13.7% in the first quarter. NewEdge Advisors LLC now owns 76,203 shares of the investment management company’s stock valued at $870,000 after acquiring an additional 9,200 shares in 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.