Media coverage about BlackRock Corporate High Yield Fund (NYSE:HYT) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock Corporate High Yield Fund earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.3526551885622 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
BlackRock Corporate High Yield Fund (NYSE HYT) opened at $11.05 on Friday. BlackRock Corporate High Yield Fund has a 1 year low of $10.60 and a 1 year high of $11.47.
The company also recently announced a monthly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 7.60%.
In other news, Director Catherine A. Lynch bought 4,826 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were acquired at an average price of $10.98 per share, for a total transaction of $52,989.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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About BlackRock Corporate High Yield Fund
BlackRock Corporate High Yield Fund, Inc is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality.
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