Neuberger Berman High Yield Strateges Fd Declares Monthly Dividend of $0.07 (NHS)
Neuberger Berman High Yield Strateges Fd (NYSE:NHS) announced a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Tuesday, August 15th will be given a dividend of 0.0725 per share by the investment management company on Thursday, August 31st. This represents a $0.87 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Friday, August 11th.
Neuberger Berman High Yield Strateges Fd has decreased its dividend payment by an average of 3.9% annually over the last three years.
Neuberger Berman High Yield Strateges Fd (NYSE:NHS) traded down 1.0186% during mid-day trading on Friday, reaching $11.8258. The company’s stock had a trading volume of 68,520 shares. The stock’s 50 day moving average price is $11.92 and its 200 day moving average price is $11.92. Neuberger Berman High Yield Strateges Fd has a 1-year low of $10.67 and a 1-year high of $12.21.
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In related news, insider Thomas P. Oreilly sold 14,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $12.08, for a total transaction of $169,120.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
About Neuberger Berman High Yield Strateges Fd
Neuberger Berman High Yield Strategies Fund Inc is a non-diversified, closed-end management investment company. The Fund seeks total return (income plus capital appreciation). The Fund normally invests at least 80% of its total assets in high yield debt securities of the United States and foreign issuers, which include securities that are rated below investment grade by a rating agency or are unrated debt securities determined to be of comparable quality by the Fund’s investment manager.
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