BlackRock Debt Strategies Fund, Inc. (DSU) To Go Ex-Dividend on June 13th

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 11.33%. The ex-dividend date is Friday, June 13th.

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

BlackRock Debt Strategies Fund Price Performance

Shares of DSU opened at $10.46 on Friday. BlackRock Debt Strategies Fund has a 12-month low of $8.72 and a 12-month high of $11.19. The firm has a fifty day moving average price of $10.20 and a 200-day moving average price of $10.54.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

A hedge fund recently raised its stake in BlackRock Debt Strategies Fund stock. NewEdge Advisors LLC lifted its position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) by 7.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,379 shares of the financial services provider’s stock after purchasing an additional 5,530 shares during the period. NewEdge Advisors LLC owned 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 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.