BlackRock Debt Strategies Fund, Inc. (DSU) to Issue Monthly Dividend of $0.10 on May 29th

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be given a dividend of 0.0987 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Friday, May 15th.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE:DSU opened at $9.93 on Wednesday. BlackRock Debt Strategies Fund has a 52-week low of $9.31 and a 52-week high of $10.67. The stock’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $10.06.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC grew its holdings in BlackRock Debt Strategies Fund by 3.2% in the 4th quarter. Register Financial Advisors LLC now owns 32,560 shares of the financial services provider’s stock valued at $331,000 after buying an additional 1,000 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 4.0% during the 1st quarter. Kestra Advisory Services LLC now owns 29,190 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 1,111 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 7.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 16,518 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 1,176 shares during the period. Modern Wealth Management LLC boosted its position in shares of BlackRock Debt Strategies Fund by 1.3% in the third quarter. Modern Wealth Management LLC now owns 98,745 shares of the financial services provider’s stock worth $1,049,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. grew its holdings in BlackRock Debt Strategies Fund by 10.0% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 14,533 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,316 shares during the period. 24.29% of the stock is owned by institutional investors and hedge funds.

About BlackRock Debt Strategies Fund

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.