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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.0987 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Debt Strategies Fund Trading Down 0.5%

Shares of BlackRock Debt Strategies Fund stock opened at $9.32 on Friday. The business’s fifty day simple moving average is $9.48 and its 200 day simple moving average is $9.67. BlackRock Debt Strategies Fund has a 12 month low of $9.31 and a 12 month high of $10.67.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in BlackRock Debt Strategies Fund by 7.0% during the first quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider’s stock valued at $881,000 after buying an additional 5,530 shares during the period. Invesco Ltd. raised its position in BlackRock Debt Strategies Fund by 0.7% in the second quarter. Invesco Ltd. now owns 655,619 shares of the financial services provider’s stock worth $6,923,000 after acquiring an additional 4,353 shares during the period. Darwin Wealth Management LLC bought a new stake in BlackRock Debt Strategies Fund in the second quarter worth about $103,000. Raymond James Financial Inc. boosted its stake in BlackRock Debt Strategies Fund by 6.3% in the second quarter. Raymond James Financial Inc. now owns 272,036 shares of the financial services provider’s stock valued at $2,873,000 after acquiring an additional 16,074 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in BlackRock Debt Strategies Fund in the second quarter valued at about $400,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

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.