Blackrock Corporate High Yield Fund Inc (HYT) Declares Dividend Increase – $0.07 Per Share
Blackrock Corporate High Yield Fund Inc (NYSE:HYT) announced a monthly dividend on Tuesday, September 4th, NASDAQ reports. Stockholders of record on Friday, September 14th will be paid a dividend of 0.072 per share by the investment management company on Friday, September 28th. This represents a $0.86 annualized dividend and a dividend yield of 8.11%. The ex-dividend date of this dividend is Thursday, September 13th. This is an increase from Blackrock Corporate High Yield Fund’s previous monthly dividend of $0.07.
Blackrock Corporate High Yield Fund has decreased its dividend by an average of 9.2% annually over the last three years.
Shares of HYT stock traded down $0.01 during trading hours on Friday, hitting $10.65. 203,036 shares of the company were exchanged, compared to its average volume of 331,383. Blackrock Corporate High Yield Fund has a 52 week low of $10.41 and a 52 week high of $11.47.
BlackRock Corporate High Yield Fund, Inc is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality.
Further Reading: Closed-End Mutual Funds (CEFs)
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