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

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) declared a monthly dividend on Thursday, March 12th. Stockholders of record on Tuesday, April 7th will be paid a dividend of 0.0905 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 15.5%. The ex-dividend date is Tuesday, April 7th.

Neuberger Berman High Yield Strategies Fund Trading Down 2.8%

Shares of NYSEAMERICAN NHS traded down $0.21 during midday trading on Friday, reaching $7.03. The company had a trading volume of 134,423 shares, compared to its average volume of 147,702. The firm’s fifty day moving average price is $7.53 and its 200-day moving average price is $7.44. Neuberger Berman High Yield Strategies Fund has a one year low of $6.62 and a one year high of $7.80.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NHS. Mercer Global Advisors Inc. ADV lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 24.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after acquiring an additional 2,597 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the fourth quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock worth $4,225,000 after purchasing an additional 156,386 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 232.1% during the fourth quarter. Cetera Investment Advisers now owns 36,883 shares of the investment management company’s stock worth $274,000 after purchasing an additional 25,777 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 86.2% during the fourth quarter. Osaic Holdings Inc. now owns 74,294 shares of the investment management company’s stock valued at $553,000 after purchasing an additional 34,387 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 18.0% during the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after purchasing an additional 2,857 shares during the period.

About Neuberger Berman High Yield Strategies Fund

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.