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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0987 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Debt Strategies Fund Trading Up 0.3%

DSU stock traded up $0.03 during midday trading on Friday, hitting $9.75. 282,003 shares of the company traded hands, compared to its average volume of 293,490. BlackRock Debt Strategies Fund has a twelve month low of $9.31 and a twelve month high of $10.67. The business has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $9.98.

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.