Blackrock Corporate High Yield Fund Inc (HYT) Plans Monthly Dividend of $0.07
Blackrock Corporate High Yield Fund Inc (NYSE:HYT) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Friday, October 13th.
Blackrock Corporate High Yield Fund has decreased its dividend payment by an average of 3.2% annually over the last three years.
Shares of Blackrock Corporate High Yield Fund (NYSE:HYT) opened at 11.31 on Wednesday. The company’s 50 day moving average is $11.13 and its 200 day moving average is $11.09. Blackrock Corporate High Yield Fund has a 12-month low of $9.86 and a 12-month high of $11.37.
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Blackrock Corporate High Yield Fund Company Profile
BlackRock Corporate High Yield Fund, Inc is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality.
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