BlackRock Debt Strategies Fund, Inc. (DSU) to Issue Monthly Dividend of $0.10 on March 31st

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0987 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Friday, March 13th.

BlackRock Debt Strategies Fund Price Performance

DSU stock traded down $0.04 during mid-day trading on Wednesday, hitting $9.82. 146,197 shares of the company were exchanged, compared to its average volume of 309,229. The firm has a fifty day simple moving average of $10.10 and a 200 day simple moving average of $10.28. BlackRock Debt Strategies Fund has a twelve month low of $8.72 and a twelve month high of $10.67.

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.