FS Credit Opportunities Corp. (NYSE:FSCO) Plans Monthly Dividend of $0.06

FS Credit Opportunities Corp. (NYSE:FSCO) declared a monthly dividend on Wednesday, July 8th. Stockholders of record on Friday, July 24th will be given a dividend of 0.0583 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 14.4%. The ex-dividend date is Friday, July 24th.

FS Credit Opportunities Stock Down 0.9%

Shares of NYSE:FSCO opened at $4.86 on Thursday. FS Credit Opportunities has a 12-month low of $4.13 and a 12-month high of $7.65. The business has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $5.38.

FS Credit Opportunities (NYSE:FSCO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.11 EPS for the quarter. The firm had revenue of $57.34 million during the quarter.

Hedge Funds Weigh In On FS Credit Opportunities

Institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC purchased a new stake in shares of FS Credit Opportunities during the 1st quarter valued at $20,443,000. Arkadios Wealth Advisors increased its holdings in FS Credit Opportunities by 3,144.4% during the first quarter. Arkadios Wealth Advisors now owns 3,563,531 shares of the company’s stock worth $18,174,000 after buying an additional 3,453,693 shares during the last quarter. Wagner Wealth Management LLC raised its position in FS Credit Opportunities by 781.3% in the first quarter. Wagner Wealth Management LLC now owns 3,474,655 shares of the company’s stock worth $17,721,000 after acquiring an additional 3,080,389 shares during the period. Sit Investment Associates Inc. grew its position in shares of FS Credit Opportunities by 6.9% during the 4th quarter. Sit Investment Associates Inc. now owns 3,247,090 shares of the company’s stock valued at $20,457,000 after acquiring an additional 210,736 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in FS Credit Opportunities by 97.2% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,899,781 shares of the company’s stock valued at $11,969,000 after purchasing an additional 936,272 shares during the last quarter. 36.37% of the stock is owned by institutional investors.

FS Credit Opportunities Company Profile

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.