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

Key Points

• BlackRock Debt Strategies Fund declared a monthly dividend of $0.0987 per share, payable October 30 to shareholders of record as of October 15. The annualized yield is approximately 12.7%.
• DSU shares opened at $9.35, near their 12-month low of $9.31 and below both the 50-day moving average of $9.49 and the 200-day average of $9.67.
• Institutional investors and hedge funds own 24.29% of the fund, with several firms recently increasing their positions or establishing new stakes.

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) declared a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be paid a dividend of 0.0987 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Thursday, October 15th.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE:DSU opened at $9.35 on Friday. BlackRock Debt Strategies Fund has a twelve month low of $9.31 and a twelve month high of $10.67. The firm has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $9.67.

Institutional Trading of BlackRock Debt Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in shares of BlackRock Debt Strategies Fund by 352.7% during the third quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider's stock worth $32,000 after buying an additional 2,363 shares during the period. CoreCap Advisors LLC lifted its stake in shares of BlackRock Debt Strategies Fund by 49.3% in the 2nd quarter. CoreCap Advisors LLC now owns 4,242 shares of the financial services provider's stock worth $41,000 after acquiring an additional 1,400 shares during the period. Darwin Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund in the 2nd quarter valued at approximately $103,000. Matrix Private Capital Group LLC acquired a new position in BlackRock Debt Strategies Fund during the first quarter worth $96,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth $98,000. Hedge funds and other institutional investors own 24.29% of the company's stock.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc NYSE: DSU is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.

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