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 Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.0987 per share by the financial services provider on Monday, June 30th. This represents a $1.18 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock Debt Strategies Fund has raised its dividend payment by an average of 16.3% per year over the last three years.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE DSU opened at $10.47 on Thursday. BlackRock Debt Strategies Fund has a 12 month low of $8.72 and a 12 month high of $11.19. The company has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $10.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BlackRock Debt Strategies Fund stock. NewEdge Advisors LLC raised its stake in shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 7.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 84,379 shares of the financial services provider’s stock after buying an additional 5,530 shares during the period. NewEdge Advisors LLC owned about 0.15% of BlackRock Debt Strategies Fund worth $881,000 at the end of the most recent quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.