BlackRock Debt Strategies Fund, Inc. (DSU) to Issue Monthly Dividend of $0.10 on June 30th

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be given a dividend of 0.0987 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Monday, June 15th.

BlackRock Debt Strategies Fund Trading Up 0.3%

NYSE DSU traded up $0.03 during trading hours on Friday, hitting $9.75. 282,003 shares of the company’s stock were exchanged, compared to its average volume of 293,490. The stock has a 50-day simple moving average of $9.81 and a 200 day simple moving average of $9.98. BlackRock Debt Strategies Fund has a 1-year low of $9.31 and a 1-year high of $10.67.

BlackRock Debt Strategies Fund Company Profile

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.