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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Tuesday, February 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.0175 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Tuesday, March 10th.

BNY Mellon High Yield Strategies Fund Price Performance

NYSE DHF traded up $0.02 during midday trading on Wednesday, hitting $2.50. The company had a trading volume of 78,160 shares, compared to its average volume of 452,799. The firm has a 50-day moving average price of $2.51 and a 200-day moving average price of $2.55. BNY Mellon High Yield Strategies Fund has a twelve month low of $2.21 and a twelve month 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.