BlackRock Corporate High Yield Fund, Inc. Announces Monthly Dividend of $0.08 (NYSE:HYT)

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) declared a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.0779 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Corporate High Yield Fund Stock Up 0.4%

NYSE HYT opened at $8.61 on Friday. BlackRock Corporate High Yield Fund has a 12 month low of $8.22 and a 12 month high of $9.88. The company has a 50-day moving average of $8.60 and a 200-day moving average of $8.79.

Hedge Funds Weigh In On BlackRock Corporate High Yield Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new position in BlackRock Corporate High Yield Fund during the third quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new position in shares of BlackRock Corporate High Yield Fund in the 4th quarter valued at $33,000. Main Street Group LTD purchased a new stake in shares of BlackRock Corporate High Yield Fund during the 1st quarter valued at $34,000. EverSource Wealth Advisors LLC grew its stake in shares of BlackRock Corporate High Yield Fund by 47.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $39,000 after buying an additional 1,399 shares during the period. Finally, Harbour Investments Inc. increased its holdings in shares of BlackRock Corporate High Yield Fund by 634.7% during the 4th quarter. Harbour Investments Inc. now owns 7,935 shares of the investment management company’s stock worth $71,000 after buying an additional 6,855 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.