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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Wednesday, August 26th. Investors of record on Thursday, September 10th will be given a dividend of 0.0175 per share by the investment management company on Thursday, September 24th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Thursday, September 10th.

BNY Mellon High Yield Strategies Fund Stock Performance

Shares of BNY Mellon High Yield Strategies Fund stock opened at $2.38 on Thursday. The company’s 50 day moving average price is $2.39 and its 200-day moving average price is $2.42. BNY Mellon High Yield Strategies Fund has a 52-week low of $2.32 and a 52-week high of $2.63.

BNY Mellon High Yield Strategies Fund Company Profile

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.