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

FS Credit Opportunities Corp. (NYSE:FSCO) declared a monthly dividend on Thursday, May 7th. Investors of record on Thursday, May 21st will be given a dividend of 0.0583 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Thursday, May 21st.

FS Credit Opportunities Stock Down 2.0%

FSCO stock opened at $5.13 on Friday. FS Credit Opportunities has a 12 month low of $4.13 and a 12 month high of $7.65. The firm’s 50-day moving average is $5.06 and its 200 day moving average is $5.81.

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

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, insider Michael C. Forman bought 38,549 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were bought at an average cost of $5.20 per share, for a total transaction of $200,454.80. Following the acquisition, the insider directly owned 44,312 shares in the company, valued at approximately $230,422.40. The trade was a 668.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC bought a new position in FS Credit Opportunities during the 1st quarter worth about $28,000. GHP Investment Advisors Inc. bought a new position in FS Credit Opportunities during the 1st quarter worth about $29,000. Mather Group LLC. bought a new position in FS Credit Opportunities during the 3rd quarter worth about $38,000. Advocate Investing Services LLC bought a new position in FS Credit Opportunities during the 4th quarter worth about $43,000. Finally, Jessup Wealth Management Inc bought a new position in FS Credit Opportunities during the 4th quarter worth about $50,000. 36.37% of the stock is currently owned by institutional investors.

About FS Credit Opportunities

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.