BlackRock Corporate High Yield Fund, Inc. (HYT)
BlackRock Corporate High Yield Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $8.42, down 0.24% on the session, giving a market capitalisation of $1.37B. On trailing twelve-month figures it carries a trailing P/E of 17.54, a net margin of 104.2%. Its beta of 0.59 implies it has historically moved less than the broad market.
The BlackRock Corporate High Yield Fund, Inc. operates as a closed-end mutual fund with a focus on fixed income instruments. Managed by BlackRock Advisors, LLC, its investment strategy spans global fixed income markets. The fund primarily builds its portfolio with bonds issued by companies from a diverse range of sectors. A significant portion of its holdings consists of debt instruments rated Ba or lower by Moody's Investors Service, Inc., or BB or lower by Standard & Poor's Corporation, signifying a high-yield, below-investment-grade focus. Its mandate includes seeking out both domestic and international high-yield securities, such as corporate bonds, corporate loans, convertible debt, and preferred stocks, all characterized as below investment grade quality. Founded on May 30, 2003, this U.S.-domiciled fund was previously known as BlackRock Corporate High Yield Fund VI, Inc.
BlackRock Corporate High Yield Fund, Inc. is most often compared with the following Financial Services names: