BNY Mellon High Yield Strategies Fund (NYSE:DHF) Declares Dividend Increase – $0.02 Per Share

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Tuesday, March 26th, Zacks reports. Stockholders of record on Wednesday, April 10th will be given a dividend of 0.018 per share by the investment management company on Wednesday, April 24th. This represents a $0.22 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend is Tuesday, April 9th. This is a boost from BNY Mellon High Yield Strategies Fund’s previous monthly dividend of $0.02.

BNY Mellon High Yield Strategies Fund Price Performance

NYSE DHF opened at $2.40 on Thursday. The business has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.26. BNY Mellon High Yield Strategies Fund has a one year low of $2.06 and a one year high of $2.41.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

Hedge funds have recently modified their holdings of the business. HRT Financial LP purchased a new stake in BNY Mellon High Yield Strategies Fund during the 4th quarter valued at about $25,000. Wells Fargo & Company MN boosted its holdings in shares of BNY Mellon High Yield Strategies Fund by 129.7% during the 4th quarter. Wells Fargo & Company MN now owns 11,358 shares of the investment management company’s stock worth $25,000 after purchasing an additional 6,414 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at approximately $27,000. Mariner LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at approximately $33,000. Finally, Nomura Holdings Inc. purchased a new position in BNY Mellon High Yield Strategies Fund during the second quarter worth approximately $42,000. 18.75% of the stock is currently owned by institutional investors and hedge funds.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.