Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Raises Dividend to $0.09 Per Share

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.088 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 4.8% increase from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.08.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of BSL opened at $13.01 on Friday. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.35. The company has a 50-day moving average of $13.05 and a two-hundred day moving average of $13.19.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.