Neuberger Berman High Yield Strateges Fd (NHS) Announces $0.07 Monthly Dividend
Neuberger Berman High Yield Strateges Fd (NYSE:NHS) declared a monthly dividend on Monday, October 2nd, Wall Street Journal reports. Shareholders of record on Monday, October 16th will be given a dividend of 0.0725 per share by the investment management company on Tuesday, October 31st. This represents a $0.87 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Friday, October 13th.
Neuberger Berman High Yield Strateges Fd has decreased its dividend payment by an average of 3.9% per year over the last three years.
Shares of Neuberger Berman High Yield Strateges Fd (NYSE NHS) traded up 0.08% on Monday, reaching $12.17. 33,072 shares of the company’s stock traded hands. Neuberger Berman High Yield Strateges Fd has a 52 week low of $10.67 and a 52 week high of $12.23. The stock’s 50-day moving average price is $11.97 and its 200-day moving average price is $11.91.
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In related news, insider Thomas P. Oreilly sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $11.83, for a total transaction of $47,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas P. Oreilly sold 14,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $12.08, for a total transaction of $169,120.00. The disclosure for this sale can be found here.
Neuberger Berman High Yield Strateges Fd Company Profile
Neuberger Berman High Yield Strategies Fund Inc is a non-diversified, closed-end management investment company. The Fund seeks total return (income plus capital appreciation). The Fund normally invests at least 80% of its total assets in high yield debt securities of the United States and foreign issuers, which include securities that are rated below investment grade by a rating agency or are unrated debt securities determined to be of comparable quality by the Fund’s investment manager.
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