BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Declares Monthly Dividend of $0.06

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU – Get Rating) announced a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Investors of record on Monday, May 16th will be paid a dividend of 0.0605 per share by the financial services provider on Tuesday, May 31st. This represents a $0.73 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Friday, May 13th.

BlackRock Debt Strategies Fund has decreased its dividend by an average of 4.1% per year over the last three years.

Shares of NYSE:DSU opened at $10.15 on Thursday. BlackRock Debt Strategies Fund has a 52 week low of $9.98 and a 52 week high of $12.50. The company has a 50-day moving average price of $10.29 and a 200 day moving average price of $11.06.

A number of large investors have recently made changes to their positions in DSU. Goldman Sachs Group Inc. acquired a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at about $151,000. Royal Bank of Canada increased its holdings in BlackRock Debt Strategies Fund by 6.7% in the third quarter. Royal Bank of Canada now owns 26,231 shares of the financial services provider’s stock valued at $303,000 after buying an additional 1,658 shares in the last quarter. NewEdge Advisors LLC purchased a new position in BlackRock Debt Strategies Fund in the fourth quarter valued at about $404,000. Millennium Management LLC purchased a new position in BlackRock Debt Strategies Fund in the third quarter valued at about $534,000. Finally, Penserra Capital Management LLC increased its holdings in BlackRock Debt Strategies Fund by 1.4% in the fourth quarter. Penserra Capital Management LLC now owns 169,495 shares of the financial services provider’s stock valued at $1,983,000 after buying an additional 2,356 shares in the last quarter. Hedge funds and other institutional investors own 29.47% of the company’s stock.

BlackRock Debt Strategies Fund Company Profile (Get Rating)

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.

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