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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Thursday, January 22nd. Investors of record on Thursday, February 5th will be paid a dividend of 0.0175 per share by the investment management company on Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, February 5th.

BNY Mellon High Yield Strategies Fund Stock Up 0.6%

Shares of NYSE DHF opened at $2.53 on Friday. BNY Mellon High Yield Strategies Fund has a 1-year low of $2.21 and a 1-year high of $2.64. The business’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $2.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in BNY Mellon High Yield Strategies Fund by 493.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock worth $26,000 after purchasing an additional 8,337 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth approximately $26,000. Integrity Advisory Solutions LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the third quarter worth approximately $28,000. Avior Wealth Management LLC bought a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth approximately $28,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in BNY Mellon High Yield Strategies Fund in the 2nd quarter valued at approximately $31,000. 36.16% of the stock is owned by institutional investors and hedge funds.

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.