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

Key Points

• BlackRock Debt Strategies Fund declared a monthly dividend of $0.0987 per share, payable September 30 to shareholders of record on September 15. The distribution represents an annualized yield of approximately 12.7%.
• DSU opened at $9.32, near its 52-week low of $9.31, compared with a 52-week high of $10.67; its 50-day and 200-day moving averages were $9.48 and $9.67, respectively.
• Institutional investors made several recent purchases or increased their positions, and hedge funds and other institutions collectively owned 24.29% of DSU.

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) announced a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.0987 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date is Tuesday, September 15th.

BlackRock Debt Strategies Fund Stock Performance

NYSE:DSU opened at $9.32 on Friday. BlackRock Debt Strategies Fund has a 52 week low of $9.31 and a 52 week high of $10.67. The stock's 50-day moving average price is $9.48 and its 200-day moving average price is $9.67.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSU. RFG Advisory LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth about $180,000. Ameritas Advisory Services LLC acquired a new stake in BlackRock Debt Strategies Fund in the 2nd quarter worth about $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in BlackRock Debt Strategies Fund in the 2nd quarter worth about $98,000. CoreCap Advisors LLC increased its stake in BlackRock Debt Strategies Fund by 49.3% during the 2nd quarter. CoreCap Advisors LLC now owns 4,242 shares of the financial services provider's stock worth $41,000 after buying an additional 1,400 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of BlackRock Debt Strategies Fund by 4.5% during the first quarter. NewEdge Advisors LLC now owns 88,428 shares of the financial services provider's stock valued at $848,000 after acquiring an additional 3,787 shares during the last quarter. 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 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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