Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Declares Monthly Dividend of $0.22

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.216 per share on Friday, February 28th. This represents a $2.59 dividend on an annualized basis and a dividend yield of 17.96%. The ex-dividend date is Friday, February 21st. This is a boost from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.11.

Blackstone Senior Floating Rate 2027 Term Fund has increased its dividend by an average of 10.7% per year over the last three years.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

NYSE BSL traded down $0.09 during mid-day trading on Tuesday, hitting $14.43. The company’s stock had a trading volume of 65,411 shares, compared to its average volume of 56,582. The company’s 50 day simple moving average is $14.36 and its 200 day simple moving average is $14.22. Blackstone Senior Floating Rate 2027 Term Fund has a twelve month low of $13.20 and a twelve month high of $14.84.

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.