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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be given a dividend of 0.0905 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 17.2%. The ex-dividend date of this dividend is Monday, June 15th.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock remained flat at $6.33 during trading on Friday. 97,500 shares of the company were exchanged, compared to its average volume of 205,776. Neuberger Berman High Yield Strategies Fund has a 52-week low of $6.13 and a 52-week high of $7.75. The firm’s 50-day moving average is $6.41 and its 200 day moving average is $6.99.

Neuberger Berman High Yield Strategies Fund Company Profile

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.