FS Specialty Lending Fund (FSSL) to Issue Monthly Dividend of $0.15 on October 30th

FS Specialty Lending Fund (NYSE:FSSL) declared a monthly dividend on Monday, October 12th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.1495 per share on Friday, October 30th. This represents a $1.79 annualized dividend and a dividend yield of 15.4%. The ex-dividend date of this dividend is Friday, October 23rd.

FS Specialty Lending Fund Price Performance

FSSL opened at $11.66 on Wednesday. The company’s 50 day simple moving average is $11.65 and its 200 day simple moving average is $11.60. FS Specialty Lending Fund has a 1 year low of $10.75 and a 1 year high of $15.00.

Institutional Investors Weigh In On FS Specialty Lending Fund

A number of institutional investors have recently added to or reduced their stakes in FSSL. Sanders Morris Harris LLC purchased a new position in FS Specialty Lending Fund in the third quarter valued at approximately $436,000. Post Resch Tallon Group Inc. lifted its position in FS Specialty Lending Fund by 207.7% during the third quarter. Post Resch Tallon Group Inc. now owns 38,457 shares of the company’s stock valued at $447,000 after buying an additional 25,957 shares in the last quarter. Noble Wealth Management PBC grew its stake in FS Specialty Lending Fund by 18.4% during the third quarter. Noble Wealth Management PBC now owns 196,519 shares of the company’s stock worth $2,286,000 after buying an additional 30,516 shares during the period. Hopwood Nicholas Hunter purchased a new stake in FS Specialty Lending Fund during the second quarter worth approximately $262,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in FS Specialty Lending Fund during the second quarter worth approximately $257,000.

FS Specialty Lending Fund (NYSE:FSSL) is a business development company that provides financing to privately owned and other middle-market businesses. The fund primarily invests in privately negotiated senior secured loans and other debt investments, with the goal of supporting companies that may have limited access to traditional bank financing.

Its investment portfolio may also include subordinated debt, unsecured debt and equity-related securities. The fund generally focuses on companies across a range of industries and seeks to generate income through interest payments and other investment proceeds while maintaining a diversified portfolio of middle-market credit investments.

FS Specialty Lending Fund is externally managed by FS/KKR Advisor, LLC, a joint venture associated with FS Investments and KKR.