BNY Mellon High Yield Strategies Fund (DHF)

DHF offers an attractive 8.19% yield and trades at a 7.6% discount to NAV, near its lowest discount in a year. The fund's sector allocation and BB-B credit quality provide stability, with strong 3- and 5-year total returns exceeding 10%. DHF consistently outperforms HYG, even when HYG is leveraged, highlighting its superior long-term performance.

NEW YORK--(BUSINESS WIRE)--On July 23, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on August 20, 2025, to shareholders of record at the close of business on August 6, 2025. The ex-dividend date is August 6, 2025. The previous dividend declared in June was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser.

BNY Mellon High Yield Strategies Fund offers an 8.1% yield and monthly payouts, but its dividend sustainability is questionable due to inconsistent earnings and poor dividend coverage. The fund is highly sensitive to interest rates, with performance and NAV pressured by the current high-rate environment and aggressive leverage use. DHF's discount to NAV is less attractive than historical averages, and its high allocation to below-investment-grade credit increases risk if defaults rise.

June saw strong tech-led gains, which helped to drive the broader equity indexes to new all-time highs. This was a continuation of what we saw last month, further bouncing off those lows we saw in April. With that said, I still do some buying every month to help compound and generate a growing stream of cash flow going forward.

NEW YORK--(BUSINESS WIRE)--On June 25, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on July 24, 2025, to shareholders of record at the close of business on July 10, 2025. The ex-dividend date is July 10, 2025. The previous dividend declared in May was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc.

NEW YORK--(BUSINESS WIRE)--On May 22, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on June 23, 2025, to shareholders of record at the close of business on June 6, 2025. The ex-dividend date is June 6, 2025. The previous dividend declared in April was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc.

BNY Mellon High Yield Strategies Fund is a leveraged CEF providing exposure to the high-yield debt space. Recent market volatility and widening high-yield spreads have pressured DHF's portfolio, causing the NAV to dip lower. On top of that, the fund's discount has also been widening, but this makes it a more interesting time to consider adding to this fund overall.

NEW YORK--(BUSINESS WIRE)--On April 24, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on May 22, 2025, to shareholders of record at the close of business on May 8, 2025. The ex-dividend date is May 8, 2025. The previous dividend declared in March was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Adviser, Inc.,.

The BNY Mellon High Yield Strategies Fund offers an 8.82% yield, but underperforms compared to other junk bond funds and faces risks from potential economic recession and inflation. Current economic conditions, including recession fears and inflation expectations, make junk bonds risky, with the fund's share price down 6.67% year-to-date. Economists and banks think that there is a high probability of a recession, but businesses are not acting like a recession is a near-term probability.

The Triple-Factor screen identifies CEFs with yields >8%, coverage >90%, and trading at a discount to NAV, balancing yield, sustainability, and value. Coverage is calculated using trailing estimates from fund houses like PIMCO, BlackRock, Nuveen, and Eaton Vance, or from semi-annual reports. The report ranks funds by widest discounts, best z-scores, highest yields, and best combined metrics, providing fertile grounds for further exploration.

NEW YORK--(BUSINESS WIRE)--On March 26, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on April 24, 2025, to shareholders of record at the close of business on April 9, 2025. The ex-dividend date is April 9, 2025. The previous dividend declared in February was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Advis.

The tech-heavy Nasdaq started to dip toward the end of February, but a strong last trading day of the month rally clawed back some of those losses. The equal-weighted S&P 500, as measured by the Invesco ETF RSP, held up reasonably well thanks to the value sectors putting up some better performance. Every month, I put some cash to work to grow my CEF portfolio income, though I've been allowing my cash pile to also grow over the last year or so.

NEW YORK--(BUSINESS WIRE)--On February 25, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on April 1, 2025, to shareholders of record at the close of business on March 11, 2025. The ex-dividend date is March 11, 2025. The previous dividend declared in January was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Ad.

NEW YORK--(BUSINESS WIRE)--On January 23, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on February 21, 2025, to shareholders of record at the close of business on February 6, 2025. The ex-dividend date is February 6, 2025. The previous dividend declared in December was $0.0175 per share of beneficial interest. Important Information BNY Mellon Inves.

The BNY Mellon High Yield Strategies Fund boasts an 8.11% yield, which beats the fixed-income indices but is not impressive compared to peers. Despite a recent 11.16% share price increase, the DHF fund's net asset value only rose by 1.86%, raising concerns about its current valuation. The fund does have a bit more diversity than a typical junk bond fund, which could give it some advantages over a typical fund.

NEW YORK--(BUSINESS WIRE)--On December 12, 2024, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on January 13, 2025, to shareholders of record at the close of business on December 27, 2024. The ex-dividend date is December 27, 2024. The previous dividend declared in November was $0.0175 per share of beneficial interest. Important Information BNY Mellon Inv.