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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.0987 per share by the financial services provider on Thursday, July 31st. This represents a $1.18 annualized dividend and a yield of 11.15%. The ex-dividend date is Tuesday, July 15th.

BlackRock Debt Strategies Fund Trading Down 0.2%

NYSE:DSU traded down $0.02 on Friday, hitting $10.63. 200,768 shares of the company's stock traded hands, compared to its average volume of 220,637. BlackRock Debt Strategies Fund has a 1 year low of $8.72 and a 1 year high of $11.19. The firm has a 50-day moving average price of $10.45 and a 200-day moving average price of $10.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BlackRock Debt Strategies Fund stock. NewEdge Advisors LLC raised its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Free Report) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,379 shares of the financial services provider's stock after buying an additional 5,530 shares during the period. NewEdge Advisors LLC owned about 0.15% of BlackRock Debt Strategies Fund worth $881,000 as of its most recent SEC filing. 24.29% of the stock is 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.