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

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, September 11th. Investors of record on Friday, October 23rd will be given a dividend of $0.0840 per share on Friday, October 30th. This represents a $1.01 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, October 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.0%

NYSE BSL traded down $0.01 during mid-day trading on Wednesday, hitting $12.88. The stock had a trading volume of 5,520 shares, compared to its average volume of 45,329. The firm’s 50 day moving average is $12.98 and its 200 day moving average is $13.01. Blackstone Senior Floating Rate 2027 Term Fund has a twelve month low of $12.45 and a twelve month high of $13.99.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors have recently made changes to their positions in BSL. BlackRock Inc. acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the 2nd quarter valued at $32,000. Kathmere Capital Management LLC acquired a new position in shares of Blackstone Senior Floating Rate 2027 Term Fund in the first quarter valued at approximately $136,000. Royal Bank of Canada lifted its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 14.2% during the 1st quarter. Royal Bank of Canada now owns 18,717 shares of the company’s stock worth $241,000 after buying an additional 2,332 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter worth approximately $424,000. Finally, Comprehensive Money Management Services LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund during the 2nd quarter worth approximately $431,000.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

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.