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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) declared a monthly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be given a dividend of $0.0175 per share by the investment management company on Friday, November 20th. This represents a $0.21 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Thursday, November 5th.

BNY Mellon High Yield Strategies Fund Stock Down 0.2%

NYSE DHF traded down $0.01 during trading hours on Friday, reaching $2.19. The company’s stock had a trading volume of 69,946 shares, compared to its average volume of 327,051. The firm has a fifty day simple moving average of $2.28 and a 200-day simple moving average of $2.37. BNY Mellon High Yield Strategies Fund has a 52 week low of $2.12 and a 52 week high of $2.59.

BNY Mellon High Yield Strategies Fund Company Profile

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in high-yield corporate debt securities, commonly known as below-investment-grade or “junk” bonds.

Its portfolio may include a diversified range of fixed-income securities issued by companies in the United States and other markets. These investments generally carry greater credit and default risk than investment-grade bonds, but may offer higher income potential.