BNY Mellon High Yield Strategies Fund (NYSE:DHF) to Issue $0.02 Monthly Dividend

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Monday, November 22nd, Zacks reports. Shareholders of record on Tuesday, December 7th will be given a dividend of 0.019 per share by the investment management company on Tuesday, December 21st. This represents a $0.23 annualized dividend and a yield of 7.38%. The ex-dividend date is Monday, December 6th.

BNY Mellon High Yield Strategies Fund has decreased its dividend by 14.0% over the last three years and has increased its dividend annually for the last 1 consecutive years.

BNY Mellon High Yield Strategies Fund stock opened at $3.09 on Wednesday. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.93 and a twelve month high of $3.77. The company’s 50-day moving average price is $3.28 and its two-hundred day moving average price is $3.31.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of BNY Mellon High Yield Strategies Fund by 10.6% during the third quarter. Morgan Stanley now owns 223,037 shares of the investment management company’s stock worth $720,000 after purchasing an additional 21,371 shares during the period. LPL Financial LLC increased its holdings in shares of BNY Mellon High Yield Strategies Fund by 71.6% during the third quarter. LPL Financial LLC now owns 221,429 shares of the investment management company’s stock worth $715,000 after purchasing an additional 92,381 shares during the period. UBS Group AG boosted its position in shares of BNY Mellon High Yield Strategies Fund by 30.5% during the 3rd quarter. UBS Group AG now owns 85,424 shares of the investment management company’s stock worth $277,000 after acquiring an additional 19,953 shares in the last quarter. Royal Bank of Canada boosted its position in shares of BNY Mellon High Yield Strategies Fund by 29.4% during the 2nd quarter. Royal Bank of Canada now owns 40,685 shares of the investment management company’s stock worth $149,000 after acquiring an additional 9,252 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the 2nd quarter worth approximately $135,000.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a non-diversified, closed-end management investment company. Its primary investment objective is to seek high current income. The firm invests its assets in income securities of U.S. issuers rated below investment grade quality or unrated income securities that The Dreyfus Corp., serving as the fund’s investment manager and administrator.

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Dividend History for BNY Mellon High Yield Strategies Fund (NYSE:DHF)

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