Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Announces Dividend Increase – $0.22 Per Share

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.216 per share on Friday, February 28th. This represents a $2.59 annualized dividend and a yield of 17.96%. The ex-dividend date is Friday, February 21st. This is an increase from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.11.

Blackstone Senior Floating Rate 2027 Term Fund has increased its dividend by an average of 10.7% per year over the last three years.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.6 %

Shares of BSL traded down $0.09 during mid-day trading on Tuesday, reaching $14.43. The company had a trading volume of 65,411 shares, compared to its average volume of 56,582. The company’s 50 day simple moving average is $14.36 and its 200 day simple moving average is $14.22. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $13.20 and a 1-year 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.