Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) to Issue $0.11 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Monday, March 11th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date 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 Price Performance

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 17.9% during the first quarter. Advisors Asset Management Inc. now owns 104,491 shares of the company’s stock worth $1,324,000 after buying an additional 15,871 shares during the period. Logan Stone Capital LLC boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 58.0% during the fourth quarter. Logan Stone Capital LLC now owns 102,537 shares of the company’s stock valued at $1,275,000 after purchasing an additional 37,655 shares during the period. Westchester Capital Management LLC purchased a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter valued at $1,109,000. UBS Group AG boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 11.0% during the second quarter. UBS Group AG now owns 70,020 shares of the company’s stock valued at $931,000 after purchasing an additional 6,963 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 72,002 shares of the company’s stock valued at $895,000 after purchasing an additional 1,023 shares during the period.

About Blackstone Senior Floating Rate 2027 Term Fund

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.