BlackRock Corporate High Yield Fund, Inc.
HYTFinancial Services · Stock · monthly payer
Forward Yield
11.94%
Annual Dividend
$0.93
Payout Ratio
156%
5-Yr Growth
0.0%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Summary
As of September 2026, BlackRock Corporate High Yield Fund, Inc. (HYT) yields 11.94% ($0.93 per share annually), with a blended fair-value estimate of $10.11 — +26% upside, so it screens as undervalued. Dividend safety grade: B (71/100).
Is HYT a good dividend stock?
Yes, with caveatsBlackRock Corporate High Yield Fund, Inc. (HYT) pays a monthly dividend yielding 11.94% ($0.93/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2015
- Elevated payout ratio (156%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.94%
- Payout Ratio
- 156%
- Annual Dividend
- $0.93
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.58
- Market Cap
- $1.5B
- P/E Ratio
- 12.9
- 5-Yr Total Return
- -34%
- 52-Week Range
- $7.96 – $9.58
- Dividend Safety
- B · 71/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
HYT Price — Last 12 Months
Daily close
Price Return
1 Year
-16%
3 Years
-5%
5 Years
-34%
52-Week Range
$7.96 – $9.58
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HYT worth?
Undervaluedlow confidenceOur blended fair-value estimate for BlackRock Corporate High Yield Fund, Inc. is $10.11 per share, versus a market price of $8.00. That implies 26% of upside — a margin of safety of about 21%.
Fair Value
$10.11
Current Price
$8.00
Upside
+26%
Margin of Safety
21%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 0.3% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.2% discount rate (CAPM), 0.0% stage-1 growth, 2.5% terminal growth, $0.60 EPS, $0.93 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HYT Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full HYT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0780 | regular |
| Aug 14, 2026 | — | $0.0780 | regular |
| Jul 15, 2026 | — | $0.0780 | regular |
| Jun 15, 2026 | — | $0.0780 | regular |
| May 15, 2026 | — | $0.0780 | regular |
| Apr 15, 2026 | — | $0.0780 | regular |
| Mar 13, 2026 | — | $0.0780 | regular |
| Feb 13, 2026 | — | $0.0780 | regular |
| Jan 20, 2026 | — | $0.0780 | regular |
| Dec 22, 2025 | — | $0.0777 | regular |
| Nov 14, 2025 | — | $0.0777 | regular |
| Oct 15, 2025 | — | $0.0777 | regular |
| Sep 15, 2025 | — | $0.0777 | regular |
| Aug 15, 2025 | — | $0.0777 | regular |
Income Calculator
At $0.93 / yr per share
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