BNY Mellon High Yield Strategies Fund (NYSE:DHF) to Issue Dividend Increase – $0.02 Per Share

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Tuesday, March 26th, Zacks reports. Stockholders of record on Wednesday, April 10th will be paid a dividend of 0.018 per share by the investment management company on Wednesday, April 24th. This represents a $0.22 annualized dividend and a dividend yield of 9.00%. The ex-dividend date is Tuesday, April 9th. This is a positive change from BNY Mellon High Yield Strategies Fund’s previous monthly dividend of $0.02.

BNY Mellon High Yield Strategies Fund Stock Up 0.4 %

Shares of DHF stock opened at $2.40 on Thursday. The stock has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.26. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.06 and a 1 year high of $2.41.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in BNY Mellon High Yield Strategies Fund by 129.7% in the 4th quarter. Wells Fargo & Company MN now owns 11,358 shares of the investment management company’s stock worth $25,000 after acquiring an additional 6,414 shares during the period. HRT Financial LP purchased a new position in BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $25,000. Citadel Advisors LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the second quarter worth about $27,000. Mariner LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the third quarter worth about $33,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the second quarter worth about $42,000. Hedge funds and other institutional investors own 18.75% of the company’s stock.

BNY Mellon High Yield Strategies Fund Company Profile

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.