Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) to Issue $0.09 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, June 12th. Investors of record on Friday, July 24th will be given a dividend of 0.088 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Friday, July 24th.

Blackstone Senior Floating Rate 2027 Term Fund Price Performance

Shares of NYSE:BSL opened at $13.10 on Wednesday. Blackstone Senior Floating Rate 2027 Term Fund has a fifty-two week low of $12.45 and a fifty-two week high of $14.35. The business has a 50-day simple moving average of $13.02 and a two-hundred day simple moving average of $13.10.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.