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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0987 per share by the financial services provider on Friday, May 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.95%. The ex-dividend date is Tuesday, May 14th.

BlackRock Debt Strategies Fund has raised its dividend by an average of 7.9% annually over the last three years and has raised its dividend every year for the last 2 years.

BlackRock Debt Strategies Fund Stock Performance

BlackRock Debt Strategies Fund stock opened at $10.82 on Friday. BlackRock Debt Strategies Fund has a 1 year low of $9.22 and a 1 year high of $11.40. The firm’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.69.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.