BLACKROCK CORPORATE HIGH YIELD FUND, INC. (HYT)
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.
Industry: Asset Management
BlackRock Corporate High Yield Fund, Inc.
NYSE:HYTFinancial Services · Asset Management
-0.13%$7.72
AH Close$7.72+0.00%vs close
AH Close$7.72+0.00%vs close
Mkt Cap$1.51B
Float195.52M
O/S195.66M
Inst Own25.7%
SI0.3%
Div Yield12.11%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$169.87M
Net Income$145.86M
Total Assets$2.03B
Free Cash Flow$20.6M
Debt & Equity
Debt 22%
Equity 78%
Total Debt$444M
Total Equity$1.57B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HYT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.03B
Liabilities$459.14M
Accounts Receivable$0
Accounts Payable$11.78M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Revenue | $169.87M | $128M | $203.36M | -$205.72M | $119.67M | $119.99M | $91.89M | $64.48M | $168.3M | $123.95M | $132.7M | $124.43M | $42.31M | $42.94M |
| YoY Growth | 32.7% | -37.1% | -198.9% | -271.9% | -0.3% | 30.6% | 42.5% | -61.7% | 35.8% | -6.6% | 6.6% | 194.1% | -1.5% | - |
| Cost of Revenue | $23.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $146.72M | $128M | $203.36M | -$205.72M | $119.67M | $119.99M | $91.89M | $64.48M | $168.3M | $123.95M | $132.7M | $124.43M | $42.31M | $42.94M |
| Gross Margin | 86.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $834K | $705K | $671K | $740K | $1.09M | $889K | $1.02M | $1.08M | $1.17M | $13.31M | $15.42M | $13.81M | $5.01M | $4.53M |
| Other | $24K | $206K | $0 | $116K | $39K | $103K | $113K | $47K | $173K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $858K | $910K | $810K | $856K | $1.13M | $992K | $1.13M | $1.13M | $1.34M | $29.1M | $181.02M | $63M | $8.99M | $24.25M |
| Operating Income (EBIT) | $145.86M | $127.09M | $202.55M | -$193.95M | $118.54M | $119M | $108.77M | $79.31M | $176.47M | $110.64M | $117.28M | $110.62M | $37.3M | $38.41M |
| Operating Margin | 85.9% | 99.3% | 99.6% | 94.3% | 99.1% | 99.2% | 118.4% | 123.0% | 104.9% | 89.3% | 88.4% | 88.9% | 88.2% | 89.4% |
| Interest Expense | $23.15M | $27.84M | $32.62M | $12.62M | $5.96M | $7.6M | $18.02M | $15.96M | $9.51M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $145.48M | $142.68M | $141.54M | $108.27M | $110.33M | $115.22M | $127.09M | $132.7M | $128.79M | $3.83M | $6.71M | $5.31M | $1.71M | $1.35M |
| Other Income (Expense) | $0 | -$9.05M | $71.9M | -$12.62M | $19.57M | $15.15M | -$18.02M | -$15.96M | -$9.51M | -$19.62M | -$172.31M | $71.5M | $12.29M | $27.43M |
| Income Before Tax (EBT) | $145.86M | $127.09M | $202.55M | -$206.58M | $118.54M | $119M | $90.75M | $63.35M | $166.96M | $91.02M | -$55.03M | $182.12M | $49.59M | $65.84M |
| Income Tax Expense | $0 | $0 | $202.55M | $97.93M | $118.54M | $119M | $107.04M | -$161K | $27K | $30K | $30K | $65K | $4K | $27.43M |
| Net Income | $145.86M | $127.09M | $202.55M | -$206.58M | $118.54M | $119M | $90.75M | $63.35M | $166.96M | $90.99M | -$55.06M | $182.06M | $49.59M | $65.84M |
| Net Income Margin | 85.9% | 99.3% | 99.6% | 100.4% | 99.1% | 99.2% | 98.8% | 98.2% | 99.2% | 73.4% | -41.5% | 146.3% | 117.2% | 153.3% |
| Supplementary Data | ||||||||||||||
| EPS | 0.91 | 0.88 | 1.42 | -1.75 | 0.97 | 0.97 | 0.78 | 0.52 | 1.32 | 0.72 | -0.43 | 1.44 | 1.40 | 1.86 |
| Diluted EPS | 0.91 | 0.88 | 1.42 | -1.75 | 0.97 | 0.97 | 0.78 | 0.52 | 1.32 | 0.72 | -0.43 | 1.44 | 1.40 | 1.86 |
| Weighted Average OS | 160.17M | 144.77M | 142.70M | 118.04M | 122.20M | 121.90M | 116.35M | 121.83M | 126.46M | 126.60M | 126.60M | 126.60M | 35.42M | 35.38M |
| EBITDA | $145.86M | $127.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| EBITDA Margin | 85.9% | 99.3% | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $449K | $158K | $18K | $1.19M | $1.58M | $59K | $1.83M | -$539K | $5K | $631K | $3.98M | $529K | $15K | $2.42M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.08M | $0 | $1.6M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $449K | $158K | $18K | $1.19M | $1.58M | $59K | $1.83M | $539K | $5K | $2.23M | $3.98M | $529K | $15K | $2.42M |
| Accounts Receivable | $0 | $47.83M | $41.43M | $28.92M | $28.09M | $32.8M | $38.36M | $37.26M | $42.39M | $35.96M | $40.98M | $50.69M | $13.58M | $10.77M |
| Inventory | $0 | $0 | $0 | -$2.61M | -$600K | -$3.63M | $0 | -$539K | -$445K | -$1.6M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $5.42M | $2.97M | $2.61M | $600K | $3.57M | $2.09M | $7.42M | $4.6M | $7.51M | $10.52M | $15.46M | $1.91M | $3.12M |
| Total Current Assets | $450K | $48M | $41.45M | $30.11M | $29.67M | $32.8M | $38.36M | $37.26M | $42.39M | $44.1M | $55.47M | $66.68M | $15.5M | $16.31M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.64M | $1.42M | $1.96B | $1.82B | $2.11B | $2.13B | $1.91B | $2.12B | $2.17B | $2.09B | $2.12B | $2.39B | $639.85M | $608.75M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.03B | $1.86B | -$1.96B | -$1.82B | -$2.11B | -$2.13B | -$1.91B | -$2.12B | -$2.17B | $535K | $0 | $115K | $0 | -$608.75M |
| Total Long-Term Assets | $2.03B | $1.86B | $1.96B | $1.82B | $2.11B | $2.13B | $1.91B | $2.12B | $2.17B | $2.09B | $2.12B | $2.39B | $639.85M | $608.75M |
| Other Assets | $0 | $0 | $1.69M | $2.31M | $34K | $2.12M | $1.86M | $4.67M | $3.47M | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.03B | $1.91B | $2B | $1.86B | $2.14B | $2.16B | $1.95B | $2.16B | $2.22B | $2.13B | $2.17B | $2.45B | $655.35M | $625.06M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $11.78M | $10.49M | $11.84M | $4.71M | $20.02M | $15.83M | $20.26M | $24.35M | $15.7M | $25.57M | $4.26M | $18.87M | $13.17M | $4.76M |
| Short-Term Debt | $0 | $407.92M | $596.03M | $529M | $647M | $685.82M | $607M | $647.16M | $649M | $604.02M | $631.05M | $723.22M | $191M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | -$584.19M | -$524.29M | -$626.98M | -$669.99M | -$586.74M | -$622.81M | -$633.3M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $612K | -$23.68M | -$9.42M | -$40.04M | -$31.66M | -$20.26M | -$647.16M | -$649M | $7.34M | $8.29M | $6.48M | $4.16M | $184.27M |
| Total Current Liabilities | $13.78M | $10.49M | $11.84M | $4.71M | $20.02M | $15.83M | $20.26M | $24.35M | $15.7M | $636.93M | $643.6M | $748.58M | $208.34M | $189.03M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $444M | $407.92M | $596.03M | $529M | $647M | $685.82M | $486.88M | $647.16M | $649M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.36M | $2.48M | -$596.03M | -$524.29M | -$647M | -$685.82M | -$466.63M | -$647.16M | -$649M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $445.36M | $410.4M | $596.03M | $4.71M | $647M | $685.82M | $20.26M | $647.16M | $649M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $3.59M | $527.13M | $3.57M | $5.15M | $469.77M | $5.01M | $4.91M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $459.14M | $420.9M | $611.46M | $536.55M | $670.59M | $706.8M | $510.28M | $676.53M | $669.61M | $636.93M | $643.6M | $748.58M | $208.34M | $189.03M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.79B | $1.73B | $1.65B | $1.69B | $1.55B | $1.56B | $1.58B | $1.61B | $1.68B | $1.78B | $1.78B | $1.79B | $506.45M | $506.12M |
| Retained Earnings | -$214.53M | -$249.13M | -$262.57M | -$366.99M | -$85.27M | -$105.56M | -$139.17M | $1.96M | -$2.48M | -$285.82M | -$255.52M | -$83.08M | -$59.6M | -$70.17M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$125.59M | -$133.87M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $1.57B | $1.49B | $1.39B | $1.32B | $1.47B | $1.46B | $1.44B | $1.48B | $1.55B | $1.49B | $1.53B | $1.71B | $446.85M | $435.96M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.03B | $1.91B | $2B | $1.86B | $2.14B | $2.16B | $1.95B | $2.16B | $2.22B | $2.13B | $2.17B | $2.45B | $655.18M | $624.99M |
| Supplementary Data | ||||||||||||||
| Total Debt | $444M | $407.92M | $596.03M | $529M | $647M | $685.82M | $486.88M | $647.16M | $649M | $604.02M | $631.05M | $723.22M | $191M | $0 |
| Net Debt | $443.55M | $407.76M | $596.01M | $527.81M | $645.42M | $685.76M | $485.06M | $647.7M | $648.99M | $603.39M | $627.07M | $722.7M | $190.98M | -$2.42M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-08-31 | 2018-08-31 | 2017-08-31 | 2016-08-31 | 2015-08-31 | 2014-08-31 | 2013-08-31 | 2012-08-31 |
| Operating Activities | ||||||||||||||
| Net Income | $145.86M | $127.09M | $202.55M | -$206.58M | $118.54M | $119M | $90.75M | $63.35M | $166.96M | $90.99M | -$55.06M | $182.06M | $49.59M | $65.84M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$1.84M | $1.18M | -$4.44M | -$1.49M | $2.92M | -$346K | -$600K | $1.81M | -$2.01M | $3.74M | -$179K | -$649K | -$534K | -$533K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $583K | -$1.85M | $2.08M | $303K | -$584K | -$949K | $1.42M | -$995K | -$799K | $4.03M | -$2.54M | -$9.24M | $1.26M | $0 |
| Total Working Capital Change | -$1.25M | -$665K | -$2.35M | -$1.18M | $2.33M | -$1.29M | $816K | $1.63M | -$2.81M | $7.77M | -$2.72M | -$9.89M | $723K | -$533K |
| Other Non-Cash Items | -$124.01M | $94.39M | -$135.64M | $275.99M | $27.78M | -$84.09M | $202.12M | $63.61M | -$95.24M | $50.28M | $276.44M | -$82.71M | -$24.1M | -$78.97M |
| Net Cash from Operating | $20.6M | $220.81M | $64.56M | $68.23M | $148.65M | $33.61M | $293.69M | $128.59M | $68.91M | $149.04M | $218.66M | $89.46M | $26.21M | -$13.13M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$36.08M | $188.11M | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $84.83M | $95.83M | $0 | $167.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$27.22M | -$19.47M | -$1.55M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$142.37M | -$125.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$92.27M | $563.03M | $511M | $569M | $782M | $533M | $632M | $735M | -$27M | -$92.22M | $10.25M | $10M | $51.01M |
| Net Cash from Financing | -$21.46M | -$218.2M | -$66.37M | -$66.67M | -$149.07M | -$35.14M | -$294.04M | -$127.6M | -$69.33M | -$152.39M | -$215.21M | -$91.59M | -$28.62M | $15.32M |
| Forex Effect | -$548 | $688 | -$9 | -$2K | -$1K | -$7K | -$7K | $764 | -$469 | $727 | $2K | -$4K | -$753 | $2K |
| Net Change in Cash | -$856K | $2.61M | -$1.81M | $1.56M | -$417K | -$1.53M | -$352K | $988K | -$422K | -$3.35M | $3.45M | $514K | -$2.4M | $2.19M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $20.6M | $220.81M | $64.56M | $68.23M | $148.65M | $33.61M | $293.69M | $128.59M | $68.91M | $149.04M | $218.66M | $89.46M | $26.21M | -$13.13M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $20.6M | $220.81M | $64.56M | $68.23M | $148.65M | $33.61M | $293.69M | $128.59M | $68.91M | $149.04M | $218.66M | $89.46M | $26.21M | -$13.13M |
| Cash at Beginning | $4.11M | $1.5M | $3.31M | $1.75M | $2.17M | $3.7M | $4.64M | $3.65M | $631K | $3.98M | $529K | $15K | $2.42M | $224K |
| Cash at End | $3.25M | $4.11M | $1.5M | $3.31M | $1.75M | $2.17M | $4.29M | $4.64M | $209K | $631K | $3.98M | $529K | $15K | $2.42M |