Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) to Issue $0.10 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be given a dividend of 0.097 per share on Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 8.25%. The ex-dividend date is Thursday, May 22nd.

Blackstone Senior Floating Rate 2027 Term Fund has raised its dividend by an average of 14.6% annually over the last three years.

Blackstone Senior Floating Rate 2027 Term Fund Trading Down 0.1 %

Shares of Blackstone Senior Floating Rate 2027 Term Fund stock traded down $0.02 on Monday, hitting $14.11. 39,046 shares of the company traded hands, compared to its average volume of 52,924. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $13.75 and a 52 week high of $14.84. The business has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $14.32.

About Blackstone Senior Floating Rate 2027 Term Fund

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.