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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) declared a monthly dividend on Thursday, September 12th, NASDAQ reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0987 per share by the financial services provider on Thursday, October 31st. This represents a $1.18 annualized dividend and a dividend yield of 10.67%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Debt Strategies Fund has raised its dividend by an average of 7.9% per year over the last three years.

BlackRock Debt Strategies Fund Price Performance

DSU stock remained flat at $11.10 during mid-day trading on Friday. The company's stock had a trading volume of 102,215 shares, compared to its average volume of 162,924. BlackRock Debt Strategies Fund has a 52-week low of $9.75 and a 52-week high of $11.40. The firm's 50 day simple moving average is $10.92 and its two-hundred day simple moving average is $10.89.

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.