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NEW YORK - BNY Mellon High Yield Strategies Fund (NYSE: DHF) announced today that its Board of Trustees has approved a monthly cash dividend of $0.0175 per share, consistent with the previous month’s distribution. Shareholders of record by the close of business on June 6, 2025, will be eligible for the dividend, scheduled for payment on June 23, 2025. The parent company BNY Mellon (BK) currently trades near its 52-week high of $90.62, with a robust market capitalization of $63.94 billion and a P/E ratio of 14.49.
The declared dividend matches the Fund’s April distribution, maintaining its regular payout to investors. The ex-dividend date is also set for June 6, 2025, meaning that buyers of the shares from that date onwards will not receive the dividend. According to InvestingPro, BNY Mellon has maintained dividend payments for 55 consecutive years, with a current dividend yield of 2.11%. The company has demonstrated impressive performance with a 54.62% return over the past year.
BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, operates under BNY Investments, a global asset manager with $2.0 trillion in assets under management as of March 31, 2025. BNY Investments is recognized for its specialized expertise across major asset classes, supported by the extensive capabilities of BNY.
BNY, the parent company, oversees $53.1 trillion in assets under custody and/or administration as of the same date. As America’s oldest bank, established in 1784, BNY facilitates capital markets worldwide by offering a suite of services for managing and servicing financial assets throughout their lifecycle.
It is important to note that closed-end funds like DHF are traded on the stock exchange and their share value fluctuates with market conditions. The Fund’s shares may trade at a premium or discount to the net asset value of its portfolio, and there is no guarantee that the Fund will meet its investment objective. Based on InvestingPro’s Fair Value analysis, BNY Mellon appears slightly undervalued, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of 1,400+ US stocks.
This announcement is intended for informational purposes and should not be construed as investment advice or a recommendation for any particular security. The information is based on a press release statement.
In other recent news, the Bank of New York Mellon Corporation reported strong first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $1.58 against the forecasted $1.51. The company’s revenue also exceeded projections, reaching $4.79 billion compared to the anticipated $4.76 billion. Shareholders at a recent meeting approved the 2024 executive compensation package and elected 11 directors, demonstrating confidence in the company’s leadership. Additionally, the appointment of KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025, was ratified. In analyst updates, JPMorgan maintained its Overweight rating on Bank of New York Mellon, highlighting a year-over-year improvement in core operating leverage and an increase in the company’s operating margin. Despite challenges in the Investment and Wealth Management segment, the Markets and Wealth Services segment showed significant profitability. Graphex Group Ltd announced the distribution of proceeds from a rights issue to American Depository Shares holders, with the Bank of New York Mellon acting as the depositary. These developments reflect ongoing strategic maneuvers and investor confidence in both companies.
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