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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.0987 per share by the financial services provider on Monday, June 30th. This represents a $1.18 annualized dividend and a dividend yield of 11.27%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock Debt Strategies Fund has raised its dividend by an average of 16.3% annually over the last three years.

BlackRock Debt Strategies Fund Stock Performance

DSU stock traded up $0.01 during midday trading on Thursday, hitting $10.51. 52,407 shares of the stock were exchanged, compared to its average volume of 211,882. The stock's 50-day moving average price is $10.20 and its 200-day moving average price is $10.54. BlackRock Debt Strategies Fund has a fifty-two week low of $8.72 and a fifty-two week high of $11.19.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

An institutional investor recently raised its position in BlackRock Debt Strategies Fund stock. NewEdge Advisors LLC raised its position in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,379 shares of the financial services provider's stock after acquiring an additional 5,530 shares during the period. NewEdge Advisors LLC owned approximately 0.15% of BlackRock Debt Strategies Fund worth $881,000 at the end of the most recent reporting period. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

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.