FS Credit Opportunities Corp. (NYSE:FSCO) Announces Dividend Increase – $0.07 Per Share

FS Credit Opportunities Corp. (NYSE:FSCO) announced a monthly dividend on Tuesday, July 8th, Wall Street Journal reports. Stockholders of record on Thursday, July 24th will be given a dividend of 0.0678 per share on Thursday, July 31st. This represents a $0.81 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date is Thursday, July 24th. This is a 5.1% increase from FS Credit Opportunities’s previous monthly dividend of $0.06.

FS Credit Opportunities Stock Down 0.7%

NYSE FSCO opened at $7.22 on Wednesday. The business has a 50 day simple moving average of $7.14 and a 200 day simple moving average of $6.94. FS Credit Opportunities has a one year low of $5.29 and a one year high of $7.35.

Institutional Trading of FS Credit Opportunities

A hedge fund recently raised its stake in FS Credit Opportunities stock. Focus Partners Wealth lifted its holdings in shares of FS Credit Opportunities Corp. (NYSE:FSCO) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,960 shares of the company’s stock after acquiring an additional 3,839 shares during the quarter. Focus Partners Wealth’s holdings in FS Credit Opportunities were worth $571,000 at the end of the most recent quarter. 36.37% of the stock is currently owned by hedge funds and other institutional investors.

About FS Credit Opportunities

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.