BNY Mellon High Yield Strategies Fund (DHF) To Go Ex-Dividend on April 8th

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Tuesday, March 24th. Stockholders 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) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Wednesday, April 8th.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of NYSE DHF opened at $2.40 on Thursday. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.21 and a 12-month high of $2.63. The stock’s 50 day simple moving average is $2.48 and its 200 day simple moving average is $2.52.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Several institutional investors have recently modified their holdings of DHF. Pathstone Holdings LLC lifted its position in BNY Mellon High Yield Strategies Fund by 21.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,553,950 shares of the investment management company’s stock valued at $16,975,000 after purchasing an additional 1,162,574 shares during the last quarter. Sit Investment Associates Inc. grew its position in BNY Mellon High Yield Strategies Fund by 1.4% in the 4th quarter. Sit Investment Associates Inc. now owns 3,543,326 shares of the investment management company’s stock worth $8,787,000 after purchasing an additional 47,342 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BNY Mellon High Yield Strategies Fund by 5.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,485,373 shares of the investment management company’s stock valued at $3,684,000 after purchasing an additional 81,825 shares during the period. Advisors Asset Management Inc. increased its stake in shares of BNY Mellon High Yield Strategies Fund by 74.4% in the fourth quarter. Advisors Asset Management Inc. now owns 1,148,316 shares of the investment management company’s stock valued at $2,848,000 after purchasing an additional 489,761 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 12.1% during the second quarter. Invesco Ltd. now owns 1,009,240 shares of the investment management company’s stock valued at $2,624,000 after buying an additional 109,246 shares during the last quarter. Institutional investors own 36.16% of the company’s stock.

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.