BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Announces Monthly Dividend of $0.10

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be given a dividend of 0.0987 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Monday, June 15th.

BlackRock Debt Strategies Fund Trading Up 0.3%

NYSE:DSU opened at $9.75 on Friday. BlackRock Debt Strategies Fund has a 12 month low of $9.31 and a 12 month high of $10.67. The firm has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $9.98.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Large investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its position in BlackRock Debt Strategies Fund by 2.6% during the fourth quarter. Guggenheim Capital LLC now owns 1,588,291 shares of the financial services provider’s stock worth $16,169,000 after purchasing an additional 40,449 shares in the last quarter. LPL Financial LLC increased its position in shares of BlackRock Debt Strategies Fund by 1.6% in the fourth quarter. LPL Financial LLC now owns 735,239 shares of the financial services provider’s stock valued at $7,485,000 after buying an additional 11,905 shares in the last quarter. Invesco Ltd. increased its position in shares of BlackRock Debt Strategies Fund by 2.5% in the third quarter. Invesco Ltd. now owns 671,797 shares of the financial services provider’s stock valued at $7,134,000 after buying an additional 16,178 shares in the last quarter. Bank of America Corp DE raised its stake in shares of BlackRock Debt Strategies Fund by 8.8% during the 1st quarter. Bank of America Corp DE now owns 507,223 shares of the financial services provider’s stock worth $4,864,000 after buying an additional 41,216 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of BlackRock Debt Strategies Fund by 2.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 480,571 shares of the financial services provider’s stock worth $5,104,000 after buying an additional 12,853 shares during the period. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.