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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0779 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Thursday, October 15th.

BlackRock Corporate High Yield Fund Price Performance

HYT opened at $8.16 on Friday. The stock’s fifty day moving average is $8.36 and its 200-day moving average is $8.51. BlackRock Corporate High Yield Fund has a one year low of $8.16 and a one year high of $9.61.

Institutional Investors Weigh In On BlackRock Corporate High Yield Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of BlackRock Corporate High Yield Fund by 1.9% during the second quarter. Invesco Ltd. now owns 1,334,394 shares of the investment management company’s stock valued at $13,010,000 after acquiring an additional 24,247 shares during the period. Raymond James Financial Inc. grew its stake in BlackRock Corporate High Yield Fund by 4.2% in the second quarter. Raymond James Financial Inc. now owns 177,549 shares of the investment management company’s stock valued at $1,731,000 after acquiring an additional 7,156 shares during the period. Jane Street Group LLC bought a new position in shares of BlackRock Corporate High Yield Fund in the second quarter worth $573,000. Ameriprise Financial Inc. grew its position in BlackRock Corporate High Yield Fund by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 827,792 shares of the investment management company’s stock valued at $8,071,000 after acquiring an additional 5,739 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in BlackRock Corporate High Yield Fund by 0.9% in the second quarter. MML Investors Services LLC now owns 992,083 shares of the investment management company’s stock valued at $9,673,000 after buying an additional 8,754 shares in the last quarter.

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.