BlackRock Debt Strategies Fund, Inc. (NYSE:DSU – Get Free Report) declared a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be given a dividend of 0.0987 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date is Friday, May 15th.
BlackRock Debt Strategies Fund Price Performance
NYSE:DSU opened at $9.91 on Wednesday. BlackRock Debt Strategies Fund has a 1-year low of $9.31 and a 1-year high of $10.67. The business’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $10.06.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of DSU. Guggenheim Capital LLC boosted its stake in shares of BlackRock Debt Strategies Fund by 2.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,588,291 shares of the financial services provider’s stock worth $16,169,000 after acquiring an additional 40,449 shares during the period. LPL Financial LLC lifted its holdings in BlackRock Debt Strategies Fund by 1.6% during the 4th quarter. LPL Financial LLC now owns 735,239 shares of the financial services provider’s stock worth $7,485,000 after purchasing an additional 11,905 shares during the last quarter. Invesco Ltd. lifted its holdings in BlackRock Debt Strategies Fund by 2.5% during the 3rd quarter. Invesco Ltd. now owns 671,797 shares of the financial services provider’s stock worth $7,134,000 after purchasing an additional 16,178 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $6,822,000. Finally, Advisors Asset Management Inc. lifted its holdings in BlackRock Debt Strategies Fund by 2.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 480,571 shares of the financial services provider’s stock worth $5,104,000 after purchasing an additional 12,853 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors.
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.
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