BlackRock Debt Strategies Fund, Inc. (DSU) Plans $0.07 Monthly Dividend

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Monday, March 5th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.0685 per share by the financial services provider on Thursday, March 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Wednesday, March 14th.

BlackRock Debt Strategies Fund has decreased its dividend by an average of 5.9% per year over the last three years.

Shares of BlackRock Debt Strategies Fund (NYSE DSU) traded up $0.01 during trading hours on Friday, reaching $11.62. 21,740 shares of the company traded hands, compared to its average volume of 201,975. BlackRock Debt Strategies Fund has a one year low of $11.26 and a one year high of $11.85.

In other BlackRock Debt Strategies Fund news, major shareholder Saba Capital Management, L.P. sold 47,672 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $11.73, for a total transaction of $559,192.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 322,135 shares of company stock worth $3,780,765 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

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About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide current income by investing primarily in a diversified portfolio of the United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments.

Dividend History for BlackRock Debt Strategies Fund (NYSE:DSU)

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