Cynthia Egan Acquires 9,050 Shares of Blackrock Corporate High Yield Fund Inc (HYT) Stock
Blackrock Corporate High Yield Fund Inc (NYSE:HYT) Director Cynthia Egan acquired 9,050 shares of the stock in a transaction on Tuesday, January 10th. The shares were purchased at an average price of $11.06 per share, for a total transaction of $100,093.00. Following the transaction, the director now directly owns 9,050 shares in the company, valued at $100,093. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Blackrock Corporate High Yield Fund Inc (NYSE:HYT) traded down 0.99% on Wednesday, reaching $10.95. The company’s stock had a trading volume of 894,856 shares. Blackrock Corporate High Yield Fund Inc has a 12 month low of $9.13 and a 12 month high of $11.10. The firm has a 50 day moving average of $10.68 and a 200 day moving average of $10.65.
The business also recently announced a special dividend, which was paid on Monday, January 9th. Investors of record on Friday, December 30th were given a dividend of $0.051 per share. The ex-dividend date was Wednesday, December 28th. This represents a dividend yield of 7.87%.
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About Blackrock Corporate High Yield Fund
BlackRock Corporate High Yield Fund Inc (the Trust) is a closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing, under normal market conditions, at least 80% of its assets in domestic and foreign high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities which are below investment grade quality.
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