Blackrock Corporate High Yield Fund Inc to Issue Monthly Dividend of $0.07 (HYT)

Blackrock Corporate High Yield Fund Inc to Issue Monthly Dividend of $0.07 (HYT)

Blackrock Corporate High Yield Fund Inc (NYSE:HYT) declared a monthly dividend on Tuesday, May 2nd. Stockholders of record on Monday, May 15th will be given a dividend of 0.07 per share by the investment management company on Wednesday, May 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date is Thursday, May 11th.

Blackrock Corporate High Yield Fund has decreased its dividend payment by an average of 3.2% annually over the last three years.

Blackrock Corporate High Yield Fund (NYSE:HYT) traded up 0.09% during trading on Friday, hitting $11.15. The stock had a trading volume of 302,160 shares. Blackrock Corporate High Yield Fund has a 52 week low of $9.86 and a 52 week high of $11.33. The company has a 50-day moving average of $11.02 and a 200-day moving average of $10.82.

In other Blackrock Corporate High Yield Fund news, Director Cynthia Egan acquired 4,500 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average price of $11.24 per share, for a total transaction of $50,580.00. Following the completion of the transaction, the director now owns 13,550 shares of the company’s stock, valued at approximately $152,302. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Blackrock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a diversified, closed-end management investment company. The Trust’s primary investment objective is to provide shareholders with current income. The Trust’s secondary investment objective is to provide shareholders with capital appreciation. The Trust seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated below investment grade or, if unrated, are considered by the investment advisor to be of comparable quality.

Related posts

Leave a Comment