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, June 5th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0987 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Debt Strategies Fund Price Performance

NYSE:DSU opened at $9.32 on Friday. BlackRock Debt Strategies Fund has a twelve month low of $9.31 and a twelve month high of $10.67. The company’s 50-day moving average price is $9.48 and its 200-day moving average price is $9.67.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. RFG Advisory LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $180,000. Ameritas Advisory Services LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the second quarter valued at approximately $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in BlackRock Debt Strategies Fund during the second quarter worth approximately $98,000. CoreCap Advisors LLC lifted its position in BlackRock Debt Strategies Fund by 49.3% during the second quarter. CoreCap Advisors LLC now owns 4,242 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,400 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in BlackRock Debt Strategies Fund by 4.5% during the first quarter. NewEdge Advisors LLC now owns 88,428 shares of the financial services provider’s stock worth $848,000 after buying an additional 3,787 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other 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.