Blackrock Corporate High Yield Fund Inc (NYSE:HYT) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.07 per share by the investment management company on Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Wednesday, February 14th.
Blackrock Corporate High Yield Fund has decreased its dividend payment by an average of 9.2% per year over the last three years.
Blackrock Corporate High Yield Fund (NYSE:HYT) opened at $10.73 on Tuesday. Blackrock Corporate High Yield Fund has a 12-month low of $10.46 and a 12-month high of $11.47.
In other news, insider James Keenan acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $10.66 per share, with a total value of $533,000.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Catherine A. Lynch acquired 4,826 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was purchased at an average cost of $10.98 per share, with a total value of $52,989.48. The disclosure for this purchase can be found here.
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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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