Blackstone Senior Floating Rate 2027 Term Fund (BSL) to Distribute Monthly Dividend of $0.08 on September 30th

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, September 11th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.084 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of NYSE BSL traded down $0.01 during mid-day trading on Monday, reaching $13.03. 202 shares of the company were exchanged, compared to its average volume of 45,439. The company’s 50 day moving average price is $13.02 and its 200 day moving average price is $12.99. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $14.19.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment fund managed by an affiliate of Blackstone Inc The fund seeks to provide a high level of current income while preserving capital, primarily by investing in senior secured, floating-rate loans and other floating-rate debt instruments.

Its portfolio generally consists of loans made to companies across a range of industries, with an emphasis on senior secured obligations that rank ahead of other debt and equity securities in a borrower’s capital structure.