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. Shareholders of record on Friday, March 13th will be paid a dividend of 0.0987 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Debt Strategies Fund Stock Performance

NYSE:DSU traded up $0.02 during trading hours on Wednesday, reaching $9.87. The stock had a trading volume of 39,243 shares, compared to its average volume of 306,754. The stock has a 50 day simple moving average of $10.10 and a 200 day simple moving average of $10.28. BlackRock Debt Strategies Fund has a 12-month low of $8.72 and a 12-month high of $10.67.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Register Financial Advisors LLC lifted its holdings in BlackRock Debt Strategies Fund by 3.2% during the fourth quarter. Register Financial Advisors LLC now owns 32,560 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 1,000 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of BlackRock Debt Strategies Fund by 7.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 16,518 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,176 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of BlackRock Debt Strategies Fund by 1.3% in the third quarter. Modern Wealth Management LLC now owns 98,745 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 1,272 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its position in shares of BlackRock Debt Strategies Fund by 10.0% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 14,533 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 1,316 shares during the period. Finally, J.W. Cole Advisors Inc. raised its position in shares of BlackRock Debt Strategies Fund by 9.5% in the second quarter. J.W. Cole Advisors Inc. now owns 16,472 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 1,430 shares during the period. 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.