BlackRock Debt Strategies Fund, Inc. (DSU) to Issue Monthly Dividend of $0.10 on January 30th

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.0987 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Tuesday, January 20th.

BlackRock Debt Strategies Fund Stock Performance

Shares of BlackRock Debt Strategies Fund stock opened at $10.30 on Friday. BlackRock Debt Strategies Fund has a 1-year low of $8.72 and a 1-year high of $10.81. The business has a 50-day moving average of $10.25 and a 200-day moving average of $10.41.

Institutional Trading of BlackRock Debt Strategies Fund

Several institutional investors have recently added to or reduced their stakes in DSU. NewEdge Advisors LLC grew its holdings in BlackRock Debt Strategies Fund by 7.0% during the 1st quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 5,530 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth about $42,000. GraniteShares Advisors LLC lifted its position in shares of BlackRock Debt Strategies Fund by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 260,364 shares of the financial services provider’s stock worth $2,749,000 after purchasing an additional 16,269 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its stake in BlackRock Debt Strategies Fund by 10.7% in the second quarter. Astoria Portfolio Advisors LLC. now owns 13,152 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 330,486.2% in the second quarter. Whipplewood Advisors LLC now owns 95,870 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 95,841 shares during the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

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.