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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.0779 per share by the investment management company on Friday, May 31st. This represents a $0.93 annualized dividend and a dividend yield of 9.50%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock Corporate High Yield Fund Stock Up 1.1 %

NYSE HYT traded up $0.11 on Friday, hitting $9.84. 419,930 shares of the stock were exchanged, compared to its average volume of 429,139. BlackRock Corporate High Yield Fund has a 52-week low of $8.18 and a 52-week high of $9.91. The stock has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $9.33.

About BlackRock Corporate High Yield Fund

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.