Blackstone Senior Floating Rate 2027 Term Fund (BSL) to Issue Monthly Dividend of $0.11 on April 30th

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Monday, March 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.114 per share on Tuesday, April 30th. This represents a $1.37 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend is Monday, April 22nd.

Blackstone Senior Floating Rate 2027 Term Fund has increased its dividend by an average of 13.9% per year over the last three years.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

BSL stock opened at $14.29 on Friday. The firm has a 50 day moving average of $14.18 and a 200-day moving average of $13.51. Blackstone Senior Floating Rate 2027 Term Fund has a 12 month low of $12.19 and a 12 month high of $14.56.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several hedge funds have recently bought and sold shares of BSL. BNP Paribas Arbitrage SNC bought a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the third quarter valued at approximately $41,000. Cetera Investment Advisers bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter worth approximately $127,000. Natixis bought a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter worth approximately $195,000. Raymond James & Associates lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 14.3% in the 4th quarter. Raymond James & Associates now owns 18,338 shares of the company’s stock worth $228,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 18.5% in the 3rd quarter. Royal Bank of Canada now owns 24,967 shares of the company’s stock worth $331,000 after acquiring an additional 3,901 shares during the last quarter.

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.