| Indicators | Browse All

BNY Mellon High Yield Strategies Fund (DHF)

Financial Services | Asset Management | New York, United States | NYSE
2.38 USD -0.03 (-1.245%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take ↕ | July 11, 2026, 4:21 a.m. EDT

The high yield is a trap here. While the fund offers an attractive 8.75% yield, the payout ratio of 123.5% indicates the company is distributing more cash than it earns, signaling potential NAV erosion rather than sustainable income. This aggressive distribution policy is likely propping up the price despite a 23% cumulative decline over the last nine years. Fundamentally, the business is struggling with shrinking revenue (-6.7% growth) and a heavy debt load relative to equity, preventing a recovery in the underlying asset value. Although the most recent annual return was positive (+4%), the long-term trajectory remains deeply bearish, and the short-term statistical forecast leans slightly negative, suggesting the market has not yet priced in the risks of this unsustainable payout structure.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.006375
AutoTheta0.010286
AutoETS0.011863
MSTL_900.014353
MSTL0.014766
MSTL_90_1260.018358
MSTL_1260.020742

Forecast horizon: 60 days | Selected: AutoARIMA

Forecast Reliability
Score 58%
H-stat 1.65
Ljung-Box p 0.000
Jarque-Bera p 0.404
Excess Kurtosis -0.84
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-08
Last Dividend Date 2026-07-08
Debt to Equity Ratio 38.118
Revenue per Share 0.287
Market Cap 173,112,960
Trailing P/E 14.00
Beta 0.70
Profit Margins 59.16%

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.75% 8.70% 8.56% 8.60%
Dividend History
Date Dividend Yield %
2026-07-09 0.018 0.750000
2026-06-05 0.018 0.746888
2026-05-07 0.018 0.750000
2026-04-08 0.018 0.750000
2026-03-10 0.018 0.756302
2026-02-05 0.018 0.720000
2025-12-23 0.018 0.728745
2025-12-05 0.018 0.714286
2025-11-06 0.018 0.700389
2025-10-08 0.018 0.697674
2025-09-10 0.018 0.687023
2025-08-06 0.018 0.697674
2025-07-10 0.018 0.700389
2025-06-06 0.018 0.717131
2025-05-08 0.018 0.728745
2025-04-09 0.018 0.762712
2025-03-11 0.018 0.711462
2025-02-06 0.018 0.694981
2024-12-27 0.018 0.697674
2024-12-06 0.018 0.684411
2024-11-06 0.018 0.692308
2024-10-08 0.018 0.684411
2024-09-11 0.018 0.717131
2024-08-07 0.018 0.722892
2024-07-10 0.018 0.731707
2024-06-05 0.018 0.740741
2024-05-07 0.018 0.759494
2024-04-09 0.018 0.772532
2024-03-11 0.018 0.765957
2024-02-06 0.015 0.641026
2023-12-26 0.015 0.646552
2023-12-05 0.015 0.666667
2023-11-03 0.015 0.684931
2023-10-10 0.015 0.691244
2023-09-06 0.015 0.681818
2023-08-07 0.015 0.675676
2023-07-10 0.015 0.681818
2023-06-07 0.015 0.694444
2023-05-09 0.015 0.694444
2023-04-11 0.015 0.675676
2023-03-08 0.015 0.678733
2023-02-07 0.015 0.649351
2022-12-28 0.015 0.688073
2022-12-05 0.019 0.818966
2022-11-04 0.019 0.871560
2022-10-11 0.019 0.917874
2022-09-07 0.019 0.837004
2022-08-08 0.019 0.781893
2022-07-06 0.019 0.848214
2022-06-07 0.019 0.760000
2022-05-06 0.019 0.766129
2022-04-06 0.019 0.698529
2022-03-08 0.019 0.698529
2022-02-08 0.019 0.655172
2021-12-20 0.019 0.635452
2021-12-06 0.019 0.612903
2021-11-05 0.022 0.660661
2021-10-12 0.022 0.676923
2021-09-08 0.022 0.664653
2021-08-09 0.022 0.645161
2021-07-06 0.022 0.607735
2021-06-07 0.022 0.689655
2021-05-10 0.022 0.698413
2021-04-07 0.022 0.702875
2021-03-09 0.022 0.723684
2021-02-04 0.022 0.733333
2020-12-28 0.022 0.745763
2020-12-03 0.022 0.738255
2020-11-05 0.022 0.788530
2020-10-08 0.022 0.794224
2020-09-09 0.022 0.802920
2020-08-06 0.022 0.802920
2020-07-08 0.022 0.839695
2020-06-10 0.022 0.814815
2020-05-08 0.022 0.924370
2020-04-08 0.022 0.944206
2020-03-10 0.022 0.814815
2020-02-05 0.022 0.700637
2019-12-26 0.022 0.709677
2019-12-06 0.022 0.726073
2019-11-07 0.022 0.723684
2019-10-08 0.022 0.726073
2019-09-09 0.022 0.716612
2019-08-07 0.022 0.721311
2019-07-09 0.022 0.718954
2019-06-07 0.022 0.730897
2019-05-07 0.022 0.716612
2019-04-09 0.024 0.779221
2019-03-14 0.024 0.789474
2019-02-06 0.024 0.786885
2018-12-27 0.024 0.905660
2018-12-04 0.024 0.816327
2018-11-05 0.024 0.816327
2018-10-09 0.024 0.764331
2018-09-11 0.024 0.754717
2018-08-09 0.024 0.761905
2018-07-11 0.024 0.771704
2018-06-06 0.024 0.766773
2018-05-07 0.024 0.766773
2018-04-10 0.024 0.754717
2018-03-14 0.024 0.750000
2018-02-06 0.024 0.752351
2017-12-28 0.024 0.727273
2017-12-05 0.024 0.720721
2017-11-07 0.024 0.689655
2017-10-11 0.024 0.681818
2017-09-11 0.024 0.689655
2017-08-07 0.024 0.687679
2017-07-10 0.027 0.769231
2017-06-07 0.027 0.758427
2017-05-08 0.027 0.771429
2017-04-11 0.027 0.784884
2017-03-10 0.027 0.820669
2017-02-06 0.027 0.794118
2016-12-28 0.027 0.815710
2016-12-02 0.027 0.841121
2016-11-04 0.027 0.868167
2016-10-12 0.027 0.798817
2016-09-12 0.027 0.796460
2016-08-09 0.027 0.791789
2016-07-11 0.027 0.803571
2016-06-08 0.027 0.798817
2016-05-10 0.029 0.906250
2016-04-11 0.029 0.929487
2016-03-09 0.029 0.950820
2016-02-08 0.029 1.024735
2015-12-28 0.029 0.963455
2015-12-09 0.029 0.969900
2015-11-06 0.029 0.897833
2015-10-13 0.029 0.909091
2015-09-10 0.029 0.906250
2015-08-11 0.029 0.897833
2015-07-13 0.029 0.870871
2015-06-09 0.029 0.833333
2015-05-08 0.029 0.798898
2015-04-08 0.029 0.794521
2015-03-11 0.029 0.803324
2015-02-06 0.029 0.805556
2014-12-26 0.029 0.785908
2014-12-05 0.029 0.779570
2014-11-06 0.029 0.717822
2014-10-08 0.029 0.721393
2014-09-09 0.029 0.734177
2014-08-06 0.029 0.737913
2014-07-10 0.032 0.751174
2014-06-10 0.032 0.742459
2014-05-09 0.032 0.744186
2014-04-09 0.032 0.760095
2014-03-10 0.032 0.767386
2014-02-05 0.032 0.778589
2013-12-26 0.032 0.788177
2013-12-10 0.032 0.806045
2013-11-12 0.032 0.780488
2013-10-09 0.032 0.804020
2013-09-10 0.032 0.808081
2013-08-07 0.032 0.790123
2013-07-10 0.035 0.845411
2013-06-11 0.035 0.845411
2013-05-10 0.035 0.769231
2013-04-10 0.035 0.784753
2013-03-11 0.035 0.795455
2013-02-06 0.035 0.813953
2012-12-26 0.035 0.843373
2012-12-10 0.035 0.845411
2012-11-13 0.035 0.837321
2012-10-10 0.035 0.819672
2012-09-10 0.035 0.823529
2012-08-07 0.035 0.786517
2012-07-11 0.040 0.900901
2012-06-11 0.040 0.913242
2012-05-09 0.040 0.860215
2012-04-09 0.040 0.869565
2012-03-12 0.040 0.869565
2012-02-07 0.040 0.873362
2011-12-27 0.040 0.896861
2011-12-06 0.040 0.923788
2011-11-08 0.043 0.940919
2011-10-12 0.043 0.986239
2011-09-12 0.043 0.942982
2011-08-09 0.043 0.988506
2011-07-12 0.043 0.884774
2011-06-10 0.043 0.897704
2011-05-10 0.043 0.895833
2011-04-08 0.043 0.922747
2011-03-10 0.086 1.857451
2011-02-07 0.043 0.936819
2010-12-28 0.043 0.957684
2010-12-09 0.043 0.972851
2010-11-08 0.043 0.911017
2010-10-12 0.043 0.942982
2010-09-10 0.043 0.959821
2010-08-11 0.043 0.955556
2010-07-12 0.043 1.000000
2010-06-09 0.043 1.069652
2010-05-10 0.043 1.041162
2010-04-07 0.043 1.004673
2010-03-10 0.035 0.888325
2010-02-05 0.035 0.969529
2009-12-28 0.035 0.921053
2009-12-07 0.035 0.974930
2009-11-09 0.035 0.983146
2009-10-09 0.030 0.847458
2009-09-09 0.030 0.906344
2009-08-10 0.030 0.877193
2009-07-10 0.030 0.996678
2009-06-09 0.030 0.977199
2009-05-11 0.030 1.045296
2009-04-09 0.030 1.185771
2009-03-10 0.030 1.500000
2009-02-06 0.030 1.111111
2008-12-24 0.030 1.382488
2008-12-09 0.030 1.724138
2008-11-06 0.030 1.304348
2008-10-09 0.030 1.435407
2008-09-09 0.030 0.906344
2008-08-05 0.030 0.892857
2008-07-11 0.029 0.847953
2008-06-10 0.029 0.775401
2008-05-09 0.029 0.767196
2008-04-09 0.029 0.796703
2008-03-11 0.029 0.840580
2008-02-05 0.029 0.771277
2007-12-26 0.029 0.790191
2007-12-10 0.029 0.775401
2007-11-08 0.029 0.785908
2007-10-11 0.029 0.745501
2007-09-11 0.029 0.757180
2007-08-10 0.029 0.775401
2007-07-11 0.029 0.712531
2007-06-08 0.029 0.685579
2007-05-08 0.029 0.666667
2007-04-09 0.029 0.666667
2007-03-08 0.029 0.674419
2007-02-06 0.029 0.669746
2006-12-26 0.029 0.685579
2006-12-08 0.033 0.739910
2006-11-07 0.033 0.771028
2006-10-11 0.033 0.778302
2006-09-11 0.033 0.783848
2006-08-08 0.033 0.797101
2006-07-11 0.033 0.822943
2006-06-07 0.033 0.816832
2006-05-08 0.033 0.812808
2006-04-10 0.033 0.804878
2006-03-08 0.033 0.822943
2006-02-06 0.033 0.800971
2005-12-22 0.033 0.854922
2005-12-06 0.033 0.854922
2005-11-07 0.033 0.820896
2005-10-11 0.033 0.785714
2005-09-09 0.033 0.755149
2005-08-08 0.033 0.756881
2005-07-11 0.033 0.760369
2005-06-07 0.033 0.760369
2005-05-10 0.040 0.892857
2005-04-11 0.040 0.886918
2005-03-08 0.040 0.835073
2005-02-07 0.040 0.829875
2004-12-28 0.040 0.836820
2004-12-06 0.040 0.824742
2004-11-05 0.040 0.823045
2004-10-07 0.040 0.831601
2004-09-08 0.040 0.831601
2004-08-09 0.040 0.852878
2004-07-09 0.040 0.852878
2004-06-08 0.040 0.894855
2004-05-03 0.040 0.873362
2004-04-07 0.048 0.895522
2004-03-08 0.048 0.882353
2004-02-10 0.049 0.856643
2003-12-26 0.049 0.899083
2003-12-05 0.049 0.921053
2003-11-07 0.049 0.945946
2003-10-06 0.049 1.000000
2003-09-08 0.049 1.000000
2003-08-05 0.049 1.113636
2003-07-08 0.049 0.985916
2003-06-06 0.049 1.002045
2003-05-06 0.049 0.980000
2003-04-07 0.062 1.165413
2003-03-07 0.062 1.310782
2003-02-07 0.062 1.435185
2002-12-26 0.062 1.581633
2002-12-04 0.062 1.557789
2002-11-06 0.062 1.680217
2002-10-08 0.062 1.653333
2002-09-06 0.062 1.530864
2002-08-08 0.062 1.631579
2002-07-09 0.062 1.542289
2002-06-10 0.062 1.143911
2002-05-09 0.062 1.109123
2002-04-08 0.062 1.115108
2002-03-07 0.075 1.237624
2002-02-07 0.075 1.256281
2001-12-21 0.075 1.415094
2001-12-03 0.075 1.358696
2001-11-07 0.075 1.464844
2001-10-04 0.075 1.428571
2001-08-08 0.075 1.153846
2001-07-10 0.075 1.145038
2001-06-12 0.075 1.139818
2001-05-10 0.075 1.146789
2001-04-09 0.075 1.235585
2001-03-12 0.096 1.293801
2001-02-09 0.096 1.259843
2000-12-21 0.096 1.505882
2000-12-01 0.096 1.616842
2000-11-06 0.096 1.383784
2000-10-05 0.096 1.280000
2000-09-12 0.117 1.300000
2000-08-09 0.117 1.273469
2000-07-12 0.117 1.223529
2000-06-12 0.117 1.248000
2000-05-10 0.117 1.337143
2000-04-11 0.117 1.300000
2000-03-10 0.117 1.346763
2000-02-08 0.117 1.177358
1999-12-21 0.128 1.280000
1999-12-01 0.128 1.226347
1999-11-04 0.128 1.170286
1999-10-12 0.128 1.150562
1999-09-13 0.128 1.107027
1999-08-11 0.128 1.077895
1999-07-13 0.121 0.997938
1999-06-10 0.120 0.989691
1999-05-04 0.120 0.984615
1999-04-13 0.120 1.015873
1999-03-10 0.120 1.010526
1999-02-09 0.120 0.955224
1998-12-24 0.120 1.010526
1998-12-03 0.120 0.945813
1998-11-05 0.120 0.918660
1998-10-09 0.120 1.037838
1998-09-11 0.120 0.932039
1998-08-12 0.120 0.857143
1998-07-13 0.120 0.803347
1998-06-12 0.120 0.790123
Additional Data
dividendRate 0.21
dividendYield 8.71
exDividendDate 2026-07-09
trailingAnnualDividendRate 0.21
trailingAnnualDividendYield 0.087136924
lastDividendValue 0.018
lastDividendDate 2026-07-09
dividendDate 2019-02-22

Info Dump

Attribute Value
52 Week Change -0.065891445
Address1 240 Greenwich Street
All Time High 15.375
All Time Low 1.56
Ask 0.0
Ask Size 5,500
Average Daily Volume10 Day 258,880
Average Daily Volume3 Month 247,878
Average Volume 247,878
Average Volume10Days 258,880
Beta 0.704
Bid 0.0
Bid Size 15,900
Book Value 2.669
City New York
Country United States
Crypto Tradeable 0
Currency USD
Current Price 2.38
Current Ratio 0.625
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 2.41
Day Low 2.38
Debt To Equity 38.118
Dividend Date 1,550,793,600
Dividend Rate 0.21
Dividend Yield 8.71
Earnings Call Timestamp End 1,728,658,800
Earnings Call Timestamp Start 1,728,658,800
Earnings Timestamp End 1,728,644,340
Earnings Timestamp Start 1,728,644,340
Ebitda Margins 0.0
Enterprise To Revenue 11.541
Enterprise Value 241,142,896
Eps Trailing Twelve Months 0.17
Esg Populated 0
Ex Dividend Date 1,783,555,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.418
Fifty Day Average Change -0.03799987
Fifty Day Average Change Percent -0.015715413
Fifty Two Week Change Percent -6.5891447
Fifty Two Week High 2.63
Fifty Two Week High Change -0.25
Fifty Two Week High Change Percent -0.09505703
Fifty Two Week Low 2.33
Fifty Two Week Low Change 0.05000019
Fifty Two Week Low Change Percent 0.02145931
Fifty Two Week Range 2.33 - 2.63
Financial Currency USD
First Trade Date Milliseconds 893,683,800,000
Five Year Avg Dividend Yield 8.53
Free Cashflow 22,761,536
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 20,894,140
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.47587
Implied Shares Outstanding 72,736,534
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,783,555,200
Last Dividend Value 0.018
Last Fiscal Year End 1,774,915,200
Long Business Summary BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S High Yield Master II Constrained Index. It was formerly known as Dreyfus High Yield Strategies Fund. BNY Mellon High Yield Strategies Fund was formed in April 29, 1998 and is domiciled in the United States.
Long Name BNY Mellon High Yield Strategies Fund
Market us_market
Market Cap 173,112,960
Market State PRE
Max Age 86,400
Message Board Id finmb_3591360
Most Recent Quarter 1,774,915,200
Net Income To Common 12,361,144
Next Fiscal Year End 1,806,451,200
Non Diluted Market Cap 173,112,950
Open 2.4
Operating Cashflow 18,642,340
Operating Margins 0.87594
Payout Ratio 1.2353
Phone 212 922 6273
Previous Close 2.41
Price Hint 4
Price To Book 0.8917198
Price To Sales Trailing12 Months 8.28524
Profit Margins 0.59161
Quick Ratio 0.621
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.03
Regular Market Change Percent -1.24481
Regular Market Day High 2.41
Regular Market Day Low 2.38
Regular Market Day Range 2.38 - 2.41
Regular Market Open 2.4
Regular Market Previous Close 2.41
Regular Market Price 2.38
Regular Market Time 1,783,972,802
Regular Market Volume 243,698
Return On Assets 0.04042
Return On Equity 0.063200004
Revenue Growth -0.067
Revenue Per Share 0.287
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 72,736,534
Shares Percent Shares Out 0.0011999999
Shares Short 70,886
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 93,802
Short Name Dreyfus High Yield Strategies F
Short Ratio 0.4
Source Interval 15
State NY
Symbol DHF
Total Cash 5,970,049
Total Cash Per Share 0.082
Total Debt 74,000,000
Total Revenue 20,894,140
Tradeable 0
Trailing Annual Dividend Rate 0.21
Trailing Annual Dividend Yield 0.087136924
Trailing Eps 0.17
Trailing P E 14.000001
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.4794
Two Hundred Day Average Change -0.099399805
Two Hundred Day Average Change Percent -0.040090267
Type Disp Equity
Volume 243,698
Zip 10,286