BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT – Get Free Report) declared a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0779 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Wednesday, July 15th.
BlackRock Corporate High Yield Fund Stock Performance
Shares of HYT opened at $8.52 on Monday. BlackRock Corporate High Yield Fund has a 12 month low of $8.22 and a 12 month high of $9.88. The firm has a fifty day simple moving average of $8.57 and a 200 day simple moving average of $8.68.
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.
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