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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) declared a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.0987 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Debt Strategies Fund Trading Down 0.1%

NYSE DSU opened at $9.54 on Wednesday. The stock has a 50 day moving average price of $9.61 and a 200-day moving average price of $9.78. BlackRock Debt Strategies Fund has a one year low of $9.31 and a one year high of $10.67.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

A number of institutional investors and hedge funds have recently modified their holdings of DSU. Strategic Wealth Partners Ltd. lifted its stake in shares of BlackRock Debt Strategies Fund by 30.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 275,161 shares of the financial services provider’s stock worth $2,922,000 after purchasing an additional 64,300 shares during the last quarter. Jane Street Group LLC bought a new position in BlackRock Debt Strategies Fund in the fourth quarter worth about $555,000. Elevated Capital Advisors LLC lifted its position in shares of BlackRock Debt Strategies Fund by 11.8% during the first quarter. Elevated Capital Advisors LLC now owns 455,494 shares of the financial services provider’s stock valued at $4,368,000 after buying an additional 48,214 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of BlackRock Debt Strategies Fund by 17.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 317,881 shares of the financial services provider’s stock valued at $3,376,000 after buying an additional 47,006 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of BlackRock Debt Strategies Fund by 8.8% in 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 last quarter. 24.29% of the stock is owned by 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.