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

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0779 per share by the investment management company on Wednesday, April 30th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Corporate High Yield Fund has decreased its dividend by an average of 0.7% annually over the last three years.

BlackRock Corporate High Yield Fund Trading Down 2.1 %

Shares of BlackRock Corporate High Yield Fund stock traded down $0.21 on Thursday, hitting $9.37. 888,269 shares of the company were exchanged, compared to its average volume of 628,947. The company has a 50-day moving average price of $9.76 and a 200 day moving average price of $9.84. BlackRock Corporate High Yield Fund has a 1-year low of $9.21 and a 1-year high of $10.16.

BlackRock Corporate High Yield Fund Company Profile

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.