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

BNY Mellon High Yield Strategies Fund (NYSE:DHFGet Rating) announced a monthly dividend on Monday, November 21st, Zacks reports. Shareholders of record on Tuesday, December 6th will be paid a dividend of 0.019 per share by the investment management company on Tuesday, December 20th. This represents a $0.23 annualized dividend and a yield of 9.74%. The ex-dividend date of this dividend is Monday, December 5th.

BNY Mellon High Yield Strategies Fund has decreased its dividend payment by an average of 3.7% per year over the last three years.

BNY Mellon High Yield Strategies Fund Price Performance

Shares of NYSE:DHF opened at $2.34 on Wednesday. The company’s fifty day moving average price is $2.17 and its 200-day moving average price is $2.29. BNY Mellon High Yield Strategies Fund has a one year low of $2.02 and a one year high of $3.20.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

A number of large investors have recently added to or reduced their stakes in DHF. Royal Bank of Canada increased its position in shares of BNY Mellon High Yield Strategies Fund by 17.3% during the 3rd quarter. Royal Bank of Canada now owns 56,699 shares of the investment management company’s stock valued at $120,000 after purchasing an additional 8,374 shares during the last quarter. MML Investors Services LLC grew its position in BNY Mellon High Yield Strategies Fund by 46.1% during the third quarter. MML Investors Services LLC now owns 20,057 shares of the investment management company’s stock valued at $42,000 after acquiring an additional 6,329 shares during the last quarter. Envestnet Asset Management Inc. grew its position in BNY Mellon High Yield Strategies Fund by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 498,143 shares of the investment management company’s stock valued at $1,051,000 after acquiring an additional 6,846 shares during the last quarter. UBS Group AG raised its stake in shares of BNY Mellon High Yield Strategies Fund by 37.9% during the third quarter. UBS Group AG now owns 78,644 shares of the investment management company’s stock worth $166,000 after acquiring an additional 21,626 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of BNY Mellon High Yield Strategies Fund in the 2nd quarter worth approximately $64,000.

About BNY Mellon High Yield Strategies Fund

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BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.

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

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