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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0987 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock Debt Strategies Fund Stock Up 0.3%

BlackRock Debt Strategies Fund stock opened at $10.30 on Friday. The company has a 50 day moving average price of $10.25 and a 200-day moving average price of $10.41. BlackRock Debt Strategies Fund has a fifty-two week low of $8.72 and a fifty-two week high of $10.81.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of BlackRock Debt Strategies Fund by 7.0% in the first quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider’s stock valued at $881,000 after acquiring an additional 5,530 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter valued at about $42,000. GraniteShares Advisors LLC lifted its position in shares of BlackRock Debt Strategies Fund by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 260,364 shares of the financial services provider’s stock worth $2,749,000 after purchasing an additional 16,269 shares during the period. Astoria Portfolio Advisors LLC. boosted its stake in shares of BlackRock Debt Strategies Fund by 10.7% during the second quarter. Astoria Portfolio Advisors LLC. now owns 13,152 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 330,486.2% during the second quarter. Whipplewood Advisors LLC now owns 95,870 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 95,841 shares during the period. Hedge funds and other institutional investors own 24.29% of the company’s stock.

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.