Blackrock Corporate High Yield Fund Inc (NYSE:HYT) declared a monthly dividend on Monday, June 4th, Wall Street Journal reports. Stockholders of record on Friday, June 15th will be given a dividend of 0.07 per share by the investment management company on Friday, June 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Thursday, June 14th.
Blackrock Corporate High Yield Fund has decreased its dividend payment by an average of 9.2% annually over the last three years.
Shares of Blackrock Corporate High Yield Fund traded up $0.01, reaching $10.57, during mid-day trading on Monday, according to MarketBeat Ratings. 201,476 shares of the stock traded hands, compared to its average volume of 371,588. Blackrock Corporate High Yield Fund has a 1 year low of $10.41 and a 1 year high of $11.47.
Blackrock Corporate High Yield Fund Company Profile
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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