BlackRock Corporate High Yield Fund, Inc. (HYT) to Issue Monthly Dividend of $0.08 on June 30th

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) announced a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be given a dividend of 0.0779 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Monday, June 15th.

BlackRock Corporate High Yield Fund Stock Up 0.4%

HYT stock traded up $0.04 during trading on Friday, reaching $8.61. The company had a trading volume of 474,635 shares, compared to its average volume of 1,003,784. The firm has a 50-day simple moving average of $8.60 and a 200-day simple moving average of $8.79. BlackRock Corporate High Yield Fund has a twelve month low of $8.22 and a twelve month high of $9.88.

Institutional Trading of BlackRock Corporate High Yield Fund

A number of institutional investors have recently bought and sold shares of HYT. Rivernorth Capital Management LLC acquired a new stake in BlackRock Corporate High Yield Fund in the 1st quarter worth approximately $50,265,000. Absolute Investment Advisers LLC acquired a new stake in BlackRock Corporate High Yield Fund in the 1st quarter worth approximately $10,155,000. Yakira Capital Management Inc. acquired a new stake in BlackRock Corporate High Yield Fund in the 4th quarter worth approximately $7,986,000. Bank of America Corp DE boosted its stake in BlackRock Corporate High Yield Fund by 61.2% in the 1st quarter. Bank of America Corp DE now owns 854,832 shares of the investment management company’s stock worth $7,283,000 after purchasing an additional 324,525 shares in the last quarter. Finally, Rareview Capital LLC acquired a new stake in BlackRock Corporate High Yield Fund in the 1st quarter worth approximately $2,617,000.

About BlackRock Corporate High Yield Fund

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.