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

Key Points

• BlackRock Debt Strategies Fund, Inc. announced a monthly dividend of $0.10, to be paid to shareholders on October 31st, marking an annualized dividend yield of 11.2%.
• As of Thursday, the stock is trading at $10.59, down 0.5% from the previous day, with a 52-week range between $8.72 and $11.19.
• The fund primarily invests in a diversified portfolio of lower-rated debt instruments and aims to exploit opportunities in the fixed income markets of the United States.

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.0987 per share by the financial services provider on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Wednesday, October 15th.

BlackRock Debt Strategies Fund Trading Down 0.5%

Shares of NYSE:DSU traded down $0.06 during trading on Thursday, hitting $10.59. 22,922 shares of the company were exchanged, compared to its average volume of 255,723. BlackRock Debt Strategies Fund has a 52-week low of $8.72 and a 52-week high of $11.19. The stock has a 50 day moving average of $10.56 and a 200 day moving average of $10.42.

About BlackRock Debt Strategies Fund

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.

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