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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.0175 per share by the investment management company on Tuesday, April 1st. This represents a $0.21 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend is Tuesday, March 11th.

BNY Mellon High Yield Strategies Fund Price Performance

BNY Mellon High Yield Strategies Fund stock traded down $0.01 during mid-day trading on Wednesday, reaching $2.61. 696,748 shares of the company’s stock traded hands, compared to its average volume of 221,472. BNY Mellon High Yield Strategies Fund has a 12-month low of $2.27 and a 12-month high of $2.69. The stock has a 50 day moving average of $2.59 and a two-hundred day moving average of $2.59.

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.