FS Credit Opportunities Corp. to Issue Monthly Dividend of $0.06 (NYSE:FSCO)

FS Credit Opportunities Corp. (NYSE:FSCO) declared a monthly dividend on Friday, April 11th, Wall Street Journal reports. Shareholders of record on Wednesday, April 23rd will be paid a dividend of 0.0645 per share on Wednesday, April 30th. This represents a $0.77 dividend on an annualized basis and a yield of 12.33%. The ex-dividend date of this dividend is Wednesday, April 23rd.

FS Credit Opportunities Stock Performance

Shares of FSCO traded down $0.06 during mid-day trading on Friday, reaching $6.28. 1,394,687 shares of the company’s stock traded hands, compared to its average volume of 1,026,422. FS Credit Opportunities has a 12 month low of $5.29 and a 12 month high of $7.16. The business’s 50-day moving average price is $6.87 and its 200-day moving average price is $6.75.

Insider Buying and Selling

In other FS Credit Opportunities news, Director Keith Bethel bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $34,800.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $139,200. This trade represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

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.