BlackRock Debt Strategies Fund, Inc. to Issue Monthly Dividend of $0.10 (NYSE:DSU)

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0987 per share by the financial services provider on Friday, May 31st. This represents a $1.18 dividend on an annualized basis and a yield of 10.95%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Debt Strategies Fund has raised its dividend payment by an average of 7.9% per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

BlackRock Debt Strategies Fund Stock Down 0.1 %

Shares of DSU stock traded down $0.01 during mid-day trading on Friday, reaching $10.82. 219,493 shares of the company were exchanged, compared to its average volume of 156,381. The business’s 50 day simple moving average is $10.93 and its 200 day simple moving average is $10.69. BlackRock Debt Strategies Fund has a fifty-two week low of $9.22 and a fifty-two week high of $11.40.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.