BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.0779 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Friday, December 11th.
BlackRock Corporate High Yield Fund Trading Down 0.3%
Shares of NYSE HYT opened at $8.13 on Friday. The business’s fifty day simple moving average is $8.36 and its 200-day simple moving average is $8.51. BlackRock Corporate High Yield Fund has a 12-month low of $8.13 and a 12-month high of $9.61.
About BlackRock Corporate High Yield Fund
BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.
HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.
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