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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.0987 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Thursday, October 15th.

BlackRock Debt Strategies Fund Price Performance

DSU opened at $9.35 on Friday. The stock has a fifty day moving average price of $9.49 and a 200-day moving average price of $9.67. BlackRock Debt Strategies Fund has a 12 month low of $9.31 and a 12 month high of $10.67.

Institutional Trading of BlackRock Debt Strategies Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in BlackRock Debt Strategies Fund by 2.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,588,291 shares of the financial services provider’s stock valued at $16,169,000 after purchasing an additional 40,449 shares in the last quarter. LPL Financial LLC raised its holdings in shares of BlackRock Debt Strategies Fund by 1.6% in the 4th quarter. LPL Financial LLC now owns 735,239 shares of the financial services provider’s stock valued at $7,485,000 after purchasing an additional 11,905 shares in the last quarter. Invesco Ltd. lifted its position in shares of BlackRock Debt Strategies Fund by 2.5% during the 3rd quarter. Invesco Ltd. now owns 671,797 shares of the financial services provider’s stock worth $7,134,000 after purchasing an additional 16,178 shares during the last quarter. Bank of America Corp DE grew its stake in shares of BlackRock Debt Strategies Fund by 8.8% during the first quarter. Bank of America Corp DE now owns 507,223 shares of the financial services provider’s stock worth $4,864,000 after purchasing an additional 41,216 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 11.8% in the first quarter. Elevated Capital Advisors LLC now owns 455,494 shares of the financial services provider’s stock valued at $4,368,000 after buying an additional 48,214 shares during the last quarter. Institutional investors and hedge funds 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.