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

BNY Mellon High Yield Strategies Fund (NYSE:DHF) announced a monthly dividend on Tuesday, September 24th, Wall Street Journal reports. Stockholders of record on Tuesday, October 8th will be paid a dividend of 0.0175 per share by the investment management company on Wednesday, October 23rd. This represents a $0.21 annualized dividend and a dividend yield of 8.05%. The ex-dividend date is Tuesday, October 8th.

BNY Mellon High Yield Strategies Fund Price Performance

BNY Mellon High Yield Strategies Fund stock opened at $2.61 on Friday. BNY Mellon High Yield Strategies Fund has a one year low of $2.06 and a one year high of $2.69. The stock’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.45.

About BNY Mellon High Yield Strategies Fund

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.