BNY Mellon High Yield Strategies Fund
DHFFinancial Services · Stock · monthly payer
Forward Yield
9.25%
Annual Dividend
$0.21
Payout Ratio
124%
5-Yr Growth
-3.9%
Ex-Date
Sep 10, 2026
Frequency
Monthly
Summary
As of September 2026, BNY Mellon High Yield Strategies Fund (DHF) yields 9.25% ($0.21 per share annually), with a blended fair-value estimate of $2.32 — +2% upside, so it screens as fairly valued. Dividend safety grade: C (58/100). 2 years of dividend growth.
Is DHF a good dividend stock?
Yes, with caveatsBNY Mellon High Yield Strategies Fund (DHF) pays a monthly dividend yielding 9.25% ($0.21/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (124%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.25%
- Payout Ratio
- 124%
- Annual Dividend
- $0.21
- 5-Yr Avg Growth
- -3.9%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.72
- Market Cap
- $164.4M
- P/E Ratio
- 13.3
- 5-Yr Total Return
- -32%
- 52-Week Range
- $2.12 – $2.62
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
DHF Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+9%
5 Years
-32%
52-Week Range
$2.12 – $2.62
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DHF worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for BNY Mellon High Yield Strategies Fund is $2.32 per share, versus a market price of $2.27. That implies the stock is roughly fairly priced.
Fair Value
$2.32
Current Price
$2.27
Gap
+2%
Margin of Safety
2%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.7% annual free-cash-flow growth. We model -3.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.9% discount rate (CAPM), -3.9% stage-1 growth, 2.5% terminal growth, $0.17 EPS, $0.21 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DHF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.0180 | regular |
| Aug 6, 2026 | — | $0.0180 | regular |
| Jul 9, 2026 | — | $0.0180 | regular |
| Jun 5, 2026 | — | $0.0180 | regular |
| May 7, 2026 | — | $0.0180 | regular |
| Apr 8, 2026 | — | $0.0180 | regular |
| Mar 10, 2026 | — | $0.0180 | regular |
| Feb 5, 2026 | — | $0.0180 | regular |
| Dec 23, 2025 | — | $0.0180 | regular |
| Dec 5, 2025 | — | $0.0180 | regular |
| Nov 6, 2025 | — | $0.0180 | regular |
| Oct 8, 2025 | — | $0.0180 | regular |
| Sep 10, 2025 | — | $0.0180 | regular |
| Aug 6, 2025 | — | $0.0180 | regular |
Income Calculator
At $0.21 / yr per share
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