Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) to Issue $0.11 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Monday, September 16th, Wall Street Journal reports. Investors of record on Thursday, October 24th will be given a dividend of 0.114 per share on Thursday, October 31st. This represents a $1.37 annualized dividend and a yield of 9.63%. The ex-dividend date is Thursday, October 24th.

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

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL stock traded down $0.01 during trading on Monday, hitting $14.20. The company had a trading volume of 44,156 shares, compared to its average volume of 55,981. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $12.50 and a 1-year high of $14.56. The firm has a 50-day moving average price of $14.18 and a 200-day moving average price of $14.18.

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.