Neuberger Berman High Yield Strategies Fund to Issue Monthly Dividend of $0.09 (NYSEAMERICAN:NHS)

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.0905 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend is Monday, March 16th.

Neuberger Berman High Yield Strategies Fund Trading Down 3.7%

NHS stock opened at $6.96 on Friday. Neuberger Berman High Yield Strategies Fund has a 12-month low of $6.62 and a 12-month high of $7.80. The business’s fifty day moving average price is $7.52 and its 200 day moving average price is $7.44.

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.