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, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.0987 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

BlackRock Debt Strategies Fund Stock Down 0.1%

DSU opened at $9.71 on Monday. BlackRock Debt Strategies Fund has a 52 week low of $9.31 and a 52 week high of $10.67. The business’s 50 day moving average is $9.77 and its two-hundred day moving average is $9.90.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

A number of institutional investors have recently modified their holdings of DSU. NewEdge Advisors LLC raised its position in BlackRock Debt Strategies Fund by 7.0% in the 1st quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider’s stock valued at $881,000 after purchasing an additional 5,530 shares during the last quarter. Invesco Ltd. grew its position in BlackRock Debt Strategies Fund by 0.7% during the 2nd quarter. Invesco Ltd. now owns 655,619 shares of the financial services provider’s stock worth $6,923,000 after purchasing an additional 4,353 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in BlackRock Debt Strategies Fund in the second quarter valued at $103,000. Raymond James Financial Inc. raised its holdings in shares of 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 buying an additional 16,074 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the second quarter valued at about $400,000. 24.29% of the stock is owned by institutional investors and hedge funds.

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.