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. Investors 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 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date is Thursday, May 22nd.

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

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of BSL stock opened at $14.10 on Wednesday. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $13.75 and a fifty-two week high of $14.84. The company has a 50 day moving average price of $14.30 and a 200 day moving average price 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.