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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Rating) announced a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Investors of record on Monday, May 16th will be given a dividend of 0.0779 per share by the investment management company on Tuesday, May 31st. This represents a $0.93 annualized dividend and a yield of 8.92%. The ex-dividend date is Friday, May 13th.

BlackRock Corporate High Yield Fund has raised its dividend by an average of 3.1% per year over the last three years.

NYSE HYT opened at $10.48 on Thursday. The business has a 50 day simple moving average of $10.51 and a 200 day simple moving average of $11.35. BlackRock Corporate High Yield Fund has a one year low of $9.89 and a one year high of $12.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its stake in BlackRock Corporate High Yield Fund by 19.4% in the second quarter. Citadel Advisors LLC now owns 19,206 shares of the investment management company’s stock valued at $237,000 after acquiring an additional 3,114 shares during the period. Bank of New York Mellon Corp grew its stake in BlackRock Corporate High Yield Fund by 140.4% in the third quarter. Bank of New York Mellon Corp now owns 28,428 shares of the investment management company’s stock valued at $346,000 after acquiring an additional 16,603 shares during the period. Cetera Investment Advisers grew its stake in BlackRock Corporate High Yield Fund by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 34,027 shares of the investment management company’s stock valued at $420,000 after acquiring an additional 2,829 shares during the period. NEXT Financial Group Inc grew its stake in BlackRock Corporate High Yield Fund by 15.9% in the fourth quarter. NEXT Financial Group Inc now owns 53,501 shares of the investment management company’s stock valued at $660,000 after acquiring an additional 7,345 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in BlackRock Corporate High Yield Fund by 7.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 193,280 shares of the investment management company’s stock valued at $2,385,000 after acquiring an additional 12,754 shares during the period.

About BlackRock Corporate High Yield Fund (Get Rating)

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.

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