Blackstone Senior Floating Rate 2027 Term Fund to Issue Monthly Dividend of $0.10 (NYSE:BSL)

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.097 per share on Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Thursday, May 22nd.

Blackstone Senior Floating Rate 2027 Term Fund has increased its dividend payment by an average of 14.6% per year over the last three years.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

NYSE BSL traded down $0.02 on Monday, hitting $14.11. 39,046 shares of the company traded hands, compared to its average volume of 52,924. The business’s 50 day moving average price is $14.31 and its 200-day moving average price is $14.32. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $13.75 and a 52-week high of $14.84.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.