BlackRock Debt Strategies Fund, Inc. (DSU) To Go Ex-Dividend on July 15th

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Friday, June 5th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0987 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock Debt Strategies Fund Stock Performance

NYSE:DSU opened at $9.71 on Monday. The stock’s fifty day moving average is $9.77 and its 200 day moving average is $9.90. BlackRock Debt Strategies Fund has a fifty-two week low of $9.31 and a fifty-two week high of $10.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Greenup Street Wealth Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $2,770,000. PMG Family Office LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter valued at approximately $1,133,000. Ausdal Financial Partners Inc. acquired a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at $1,212,000. TrueMark Investments LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter valued at $830,000. Finally, Elevated Capital Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund by 1.3% during the 4th quarter. Elevated Capital Advisors LLC now owns 407,280 shares of the financial services provider’s stock worth $4,146,000 after purchasing an additional 5,317 shares during the last quarter. 24.29% of the stock is currently 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.