BlackRock Debt Strategies Fund, Inc. (NYSE:DSU – Get Rating) announced a dividend on Thursday, January 5th, investing.com reports. Investors of record on Friday, January 13th will be paid a dividend of 0.0705 per share by the financial services provider on Tuesday, January 31st. This represents a dividend yield of 9.08%. The ex-dividend date of this dividend is Thursday, January 12th.
BlackRock Debt Strategies Fund has decreased its dividend by an average of 5.8% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
BlackRock Debt Strategies Fund Trading Up 0.5 %
DSU stock opened at $9.32 on Thursday. The stock has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $9.38. BlackRock Debt Strategies Fund has a 1 year low of $8.77 and a 1 year high of $11.74.
Institutional Investors Weigh In On BlackRock Debt Strategies Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $180,000. Cohen & Steers Inc. bought a new stake in BlackRock Debt Strategies Fund during the 1st quarter worth about $208,000. Goldman Sachs Group Inc. boosted its stake in shares of BlackRock Debt Strategies Fund by 72.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,219 shares of the financial services provider’s stock worth $232,000 after buying an additional 9,342 shares during the last quarter. Royal Bank of Canada increased its position in shares of BlackRock Debt Strategies Fund by 6.0% in the first quarter. Royal Bank of Canada now owns 28,799 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in BlackRock Debt Strategies Fund during the third quarter valued at approximately $293,000.
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.
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