Blackrock Corporate High Yield Fund Inc (HYT) to Issue $0.07 Monthly Dividend
Blackrock Corporate High Yield Fund Inc (NYSE:HYT) declared a monthly dividend on Monday, July 3rd, NASDAQ reports. Shareholders of record on Friday, July 14th will be given a dividend of 0.07 per share by the investment management company on Monday, July 31st. This represents a $0.84 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date is Wednesday, July 12th.
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 0.18% during trading on Friday, reaching $11.01. 400,546 shares of the company’s stock were exchanged. Blackrock Corporate High Yield Fund has a 1-year low of $9.86 and a 1-year high of $11.33. The company’s 50-day moving average is $11.08 and its 200-day moving average is $11.00.
TRADEMARK VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/07/blackrock-corporate-high-yield-fund-inc-hyt-to-issue-0-07-monthly-dividend.html.
In other news, Director Cynthia Egan bought 4,500 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were purchased at an average price of $11.24 per share, for a total transaction of $50,580.00. Following the acquisition, the director now directly owns 13,550 shares of the company’s stock, valued at approximately $152,302. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
About Blackrock Corporate High Yield Fund
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.
Receive News & Ratings for Blackrock Corporate High Yield Fund Inc 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 Inc and related companies with MarketBeat.com's FREE daily email newsletter.