BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Free Report) declared a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.0779 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Tuesday, September 15th.
BlackRock Corporate High Yield Fund Price Performance
HYT stock opened at $8.13 on Friday. The company’s 50-day simple moving average is $8.36 and its 200-day simple moving average is $8.51. BlackRock Corporate High Yield Fund has a 52-week low of $8.13 and a 52-week high of $9.61.
Hedge Funds Weigh In On BlackRock Corporate High Yield Fund
A number of large investors have recently bought and sold shares of HYT. Compass Financial Management LLC acquired a new stake in BlackRock Corporate High Yield Fund in the second quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of BlackRock Corporate High Yield Fund during the 3rd quarter worth approximately $28,000. Kestra Advisory Services LLC purchased a new position in shares of BlackRock Corporate High Yield Fund during the 4th quarter valued at approximately $33,000. Main Street Group LTD purchased a new position in shares of BlackRock Corporate High Yield Fund during the 1st quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in BlackRock Corporate High Yield Fund by 47.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 1,399 shares during the period.
BlackRock Corporate High Yield Fund Company Profile
BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.
HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.
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