Blackstone Senior Floating Rate 2027 Term Fund (BSL) To Go Ex-Dividend on October 23rd

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, September 11th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.0840 per share on Friday, October 30th. This represents a $1.01 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, October 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of BSL remained flat at $12.88 during midday trading on Wednesday. 7,869 shares of the stock traded hands, compared to its average volume of 45,357. The company’s fifty day simple moving average is $12.98 and its 200 day simple moving average is $13.01. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.45 and a 52 week high of $13.99.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end investment company designed to provide investors with current income while preserving capital. The fund primarily invests in senior secured, floating-rate loans and other debt investments issued by companies across a range of industries.

The fund generally focuses on below-investment-grade corporate loans, which typically pay interest at rates that adjust periodically based on a reference interest rate. This structure may help reduce the impact of rising interest rates compared with investments in fixed-rate debt, although the fund remains subject to credit, liquidity and other investment risks.

BSL was formerly known as Blackstone/GSO Senior Floating Rate Term Fund and is advised by an affiliate of Blackstone, a global alternative asset management firm.