BlackRock Corporate High Yield Fund, Inc. Declares Monthly Dividend of $0.08 (NYSE:HYT)

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0779 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Corporate High Yield Fund Stock Up 0.1%

Shares of HYT opened at $8.43 on Wednesday. The firm’s 50 day moving average price is $8.48 and its 200 day moving average price is $8.60. BlackRock Corporate High Yield Fund has a twelve month low of $8.22 and a twelve month high of $9.86.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.

HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.