FS Credit Opportunities Corp. (NYSE:FSCO) Declares Dividend Increase – $0.06 Per Share

FS Credit Opportunities Corp. (NYSE:FSCO) announced a monthly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.0594 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend is Monday, August 24th. This is a 1.9% increase from FS Credit Opportunities’s previous monthly dividend of $0.06.

FS Credit Opportunities Stock Performance

Shares of FSCO stock traded up $0.06 on Wednesday, hitting $5.10. 171,638 shares of the stock traded hands, compared to its average volume of 1,441,711. FS Credit Opportunities has a 1-year low of $4.13 and a 1-year high of $7.53. The company’s fifty day moving average is $4.90 and its 200 day moving average is $5.15.

Hedge Funds Weigh In On FS Credit Opportunities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of FS Credit Opportunities during the first quarter valued at approximately $28,000. GHP Investment Advisors Inc. acquired a new position in FS Credit Opportunities in the 1st quarter valued at approximately $29,000. Advocate Investing Services LLC acquired a new stake in FS Credit Opportunities during the fourth quarter valued at $43,000. Jessup Wealth Management Inc acquired a new stake in shares of FS Credit Opportunities during the 4th quarter valued at about $50,000. Finally, Larson Financial Group LLC boosted its holdings in FS Credit Opportunities by 73.1% in the fourth quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock worth $51,000 after purchasing an additional 3,450 shares in the last quarter. 36.37% of the stock is owned by institutional investors.

About FS Credit Opportunities

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.