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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Thursday, May 21st. Shareholders of record on Friday, June 5th will be paid a dividend of 0.0175 per share by the investment management company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Friday, June 5th.

BNY Mellon High Yield Strategies Fund Trading Down 0.2%

Shares of DHF stock opened at $2.43 on Friday. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.33 and a twelve month high of $2.63. The stock has a fifty day simple moving average of $2.41 and a two-hundred day simple moving average of $2.47.

Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds have recently made changes to their positions in DHF. Pathstone Holdings LLC lifted its stake in shares of BNY Mellon High Yield Strategies Fund by 21.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,553,950 shares of the investment management company’s stock worth $16,975,000 after purchasing an additional 1,162,574 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the 3rd quarter worth $1,706,000. Rivernorth Capital Management LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter worth $796,000. Bulldog Investors LLP purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the 1st quarter worth $700,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the 4th quarter worth $607,000. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

About BNY Mellon High Yield Strategies Fund

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.