Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Shareholders to Receive $0.08 Monthly Dividend

by · The Markets Daily

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL – Get Free Report) announced a monthly dividend on Friday, September 11th. Shareholders 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 yield of 7.8%. The ex-dividend date is Friday, October 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of BSL stock traded down $0.01 during trading hours on Wednesday, reaching $12.88. 5,520 shares of the company’s stock were exchanged, compared to its average volume of 45,329. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $12.45 and a 1 year high of $13.99. The stock’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $13.01.

About Blackstone Senior Floating Rate 2027 Term Fund

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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.

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