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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.216 per share on Friday, February 28th. This represents a $2.59 dividend on an annualized basis and a dividend yield of 17.99%. The ex-dividend date is Friday, February 21st. This is a positive change from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.11.

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

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.2 %

NYSE BSL opened at $14.41 on Wednesday. Blackstone Senior Floating Rate 2027 Term Fund has a 1-year low of $13.75 and a 1-year high of $14.84. The firm’s fifty day simple moving average is $14.43 and its 200-day simple moving average is $14.32.

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.