Neuberger Berman High Yield Strateges Fd (NYSE:NHS) declared a monthly dividend on Wednesday, November 1st, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0725 per share by the investment management company on Thursday, November 30th. This represents a $0.87 annualized dividend and a dividend yield of 7.17%. The ex-dividend date is Tuesday, November 14th.
Neuberger Berman High Yield Strateges Fd has decreased its dividend payment by an average of 3.9% annually over the last three years.
In related news, insider Thomas P. Oreilly sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $11.83, for a total value of $47,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. Oreilly sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $12.08, for a total value of $169,120.00. The disclosure for this sale can be found here.
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Neuberger Berman High Yield Strateges Fd Company Profile
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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