BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 12th will be given a dividend of 0.07 per share by the investment management company on Tuesday, December 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Monday, December 11th.
BlackRock Corporate High Yield Fund has decreased its dividend payment by an average of 3.2% per year over the last three years.
BlackRock Corporate High Yield Fund (NYSE:HYT) traded up $0.02 during mid-day trading on Tuesday, reaching $11.09. 345,900 shares of the company traded hands, compared to its average volume of 383,525. BlackRock Corporate High Yield Fund has a 52 week low of $10.49 and a 52 week high of $11.47.
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.
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