Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL) Plans $0.11 Monthly Dividend

Blackstone / GSO Senior Floating Rate Term Fund (NYSE:BSL – Get Rating) announced a monthly dividend on Thursday, March 16th, Wall Street Journal reports. Investors of record on Tuesday, May 23rd will be given a dividend of 0.108 per share on Wednesday, May 31st. This represents a $1.30 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date is Monday, May 22nd.

Blackstone / GSO Senior Floating Rate Term Fund has decreased its dividend payment by an average of 8.7% annually over the last three years.

Blackstone / GSO Senior Floating Rate Term Fund Stock Up 0.4 %

Shares of BSL stock opened at $12.49 on Friday. Blackstone / GSO Senior Floating Rate Term Fund has a fifty-two week low of $12.22 and a fifty-two week high of $15.82. The firm’s 50 day moving average price is $12.99 and its two-hundred day moving average price is $12.82.

Institutional Trading of Blackstone / GSO Senior Floating Rate Term Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. lifted its stake in shares of Blackstone / GSO Senior Floating Rate Term Fund by 1.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 72,002 shares of the company’s stock worth $895,000 after purchasing an additional 1,023 shares in the last quarter. Raymond James & Associates lifted its position in Blackstone / GSO Senior Floating Rate Term Fund by 14.3% during 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 in the last quarter. BNP Paribas Arbitrage SNC acquired a new position in Blackstone / GSO Senior Floating Rate Term Fund during the 3rd quarter worth approximately $41,000. UBS Group AG boosted its holdings in Blackstone / GSO Senior Floating Rate Term Fund by 11.0% in the 2nd quarter. UBS Group AG now owns 70,020 shares of the company’s stock worth $931,000 after acquiring an additional 6,963 shares during the period. Finally, Natixis acquired a new stake in Blackstone / GSO Senior Floating Rate Term Fund during the 4th quarter valued at $195,000.

About Blackstone / GSO Senior Floating Rate Term Fund

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Blackstone Senior Floating Rate Term Fund operates as a closed-end investment fund. Its objective is to seek high current income and preservation of capital. The firm primarily invests in senior secured and floating rate loans. The company was founded on May 26, 2010 and is headquartered in New York, NY.