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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0987 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Wednesday, July 15th.

BlackRock Debt Strategies Fund Price Performance

NYSE:DSU opened at $9.71 on Monday. The business’s fifty day moving average price is $9.77 and its 200 day moving average price is $9.90. BlackRock Debt Strategies Fund has a 12 month low of $9.31 and a 12 month high of $10.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new stake in BlackRock Debt Strategies Fund during the fourth quarter worth approximately $29,000. IFP Advisors Inc increased its stake in BlackRock Debt Strategies Fund by 352.7% in the third quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 2,363 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in BlackRock Debt Strategies Fund in the second quarter valued at approximately $103,000. Matrix Private Capital Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the first quarter worth approximately $96,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in BlackRock Debt Strategies Fund during the second quarter worth approximately $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.