BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Plans Monthly Dividend of $0.10

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0987 per share by the financial services provider on Wednesday, April 30th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.51%. The ex-dividend date of this dividend is Tuesday, April 15th.

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 Price Performance

DSU traded down $0.15 during trading hours on Thursday, reaching $10.30. 275,699 shares of the stock traded hands, compared to its average volume of 194,667. BlackRock Debt Strategies Fund has a fifty-two week low of $10.11 and a fifty-two week high of $11.19. The firm’s fifty day simple moving average is $10.63 and its two-hundred day simple moving average is $10.79.

BlackRock Debt Strategies Fund Company Profile

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.