BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Free Report) declared a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.0779 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Tuesday, September 15th.
BlackRock Corporate High Yield Fund Price Performance
Shares of NYSE:HYT opened at $8.13 on Friday. BlackRock Corporate High Yield Fund has a 52 week low of $8.13 and a 52 week high of $9.61. The company’s 50 day moving average is $8.36 and its two-hundred day moving average is $8.51.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new position in BlackRock Corporate High Yield Fund in the second quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of BlackRock Corporate High Yield Fund in the 3rd quarter valued at $28,000. Kestra Advisory Services LLC acquired a new stake in BlackRock Corporate High Yield Fund during the 4th quarter worth $33,000. Main Street Group LTD purchased a new stake in BlackRock Corporate High Yield Fund in the first quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of BlackRock Corporate High Yield Fund by 47.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock worth $39,000 after purchasing an additional 1,399 shares during the last quarter.
About BlackRock Corporate High Yield Fund
BlackRock Corporate High Yield Fund (NYSE: HYT) is a diversified, closed-end management investment company designed to offer investors exposure to the credit market’s higher-yielding segment. The fund primarily seeks to generate high current income by investing in below-investment-grade corporate debt securities across a broad range of industries. It may also allocate a portion of its assets to investment-grade bonds and cash equivalents, allowing for flexible portfolio positioning in response to market conditions.
HYT’s investment strategy emphasizes bottom-up credit research, focusing on issuers with strong cash flow potential and sound balance sheets relative to their high-yield peers.
Recommended Stories
- Five stocks we like better than BlackRock Corporate High Yield Fund
- Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
- Copper’s Record Rally Highlights a Deeper Supply Problem
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
Receive News & Ratings for BlackRock Corporate High Yield Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Corporate High Yield Fund and related companies with MarketBeat.com's FREE daily email newsletter.
