News Recap: Neuberger Berman High Yield Strategies Fund Inc. (NYSE:NHS)

Neuberger Berman High Yield Strategies Fund Inc. (NYSE:NHS) stock identified change of 31.79% away from 52-week low price and recently located move of -32.19% off 52-week high price. It has market worth of $169.61M and dividend yield of 12.56%. NHS stock has been recorded -22.61% away from 50 day moving average and -26.22% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.67% off 20-day moving average.

On March 31, 2020, Neuberger Berman High Yield Strategies Fund Inc. (NYSE American:NHS) has announced a distribution declaration of $0.0905 per share of common stock. The distribution released is payable on April 30, 2020, has a record date of April 15, 2020 and has an ex-date of April 14, 2020.

Under its level distribution policy, the Fund anticipates that it will make regular monthly distributions, subject to market conditions, of $0.0905 per share of common stock, unless further action is taken to determine another amount.  The Fund’s ability to maintain its current distribution will depend on a number of factors, including the stability of income received from its investments, the cost of leverage and the level of other Fund expenses. There is no assurance that the Fund will always be able to pay a distribution of any particular amount or that a distribution will consist only of net investment income.

Due to an effort to maintain a stable distribution amount, the distribution released, as well as future distributions, may consist of net investment income, realized capital gains and return of capital. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2020 will be made after the end of the year.

The Financial sector company, Neuberger Berman High Yield Strategies Fund Inc. noticed change of 1.28% to $8.68 along volume of 436070 shares in recent session compared to an average volume of 100.65K. The stock observed return of 16.35% in 5 days trading activity. The stock was at -26.25% over one month performance. NHS’s shares are at -29.14% for the quarter and driving a -23.59% return over the course of the past year and is now at -29.72% since this point in 2018.

The average volatility for the week at 6.21% and for month was at 6.31%. There are 19.54M shares outstanding.