FS Credit Opportunities Corp. (FSCO) to Issue Monthly Dividend of $0.06 on April 30th

FS Credit Opportunities Corp. (NYSE:FSCO) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.06 per share on Tuesday, April 30th. This represents a $0.72 annualized dividend and a yield of 12.10%. The ex-dividend date of this dividend is Monday, April 22nd.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock opened at $5.95 on Friday. The firm has a 50 day simple moving average of $5.81 and a 200 day simple moving average of $5.70. FS Credit Opportunities has a fifty-two week low of $4.14 and a fifty-two week high of $6.04.

Insider Transactions at FS Credit Opportunities

In related news, Director Barbara J. Fouss bought 11,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $5.87 per share, with a total value of $64,570.00. Following the completion of the purchase, the director now owns 21,130 shares of the company’s stock, valued at approximately $124,033.10. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Barbara J. Fouss acquired 11,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $5.87 per share, for a total transaction of $64,570.00. Following the completion of the acquisition, the director now owns 21,130 shares in the company, valued at $124,033.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Bethel bought 6,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $5.80 per share, for a total transaction of $37,700.00. Following the purchase, the director now directly owns 11,500 shares in the company, valued at approximately $66,700. The disclosure for this purchase can be found here. 0.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FS Credit Opportunities

Several hedge funds have recently modified their holdings of FSCO. GTS Securities LLC bought a new stake in shares of FS Credit Opportunities during the 4th quarter worth approximately $1,070,000. Virtue Capital Management LLC raised its holdings in shares of FS Credit Opportunities by 12.6% in the 4th quarter. Virtue Capital Management LLC now owns 35,083 shares of the company’s stock valued at $196,000 after purchasing an additional 3,912 shares during the period. Modern Wealth Management LLC acquired a new stake in FS Credit Opportunities in the 4th quarter valued at about $87,000. Citadel Advisors LLC acquired a new position in FS Credit Opportunities during the fourth quarter worth approximately $108,000. Finally, Royal Bank of Canada raised its stake in FS Credit Opportunities by 210.4% in the fourth quarter. Royal Bank of Canada now owns 821,844 shares of the company’s stock valued at $4,660,000 after buying an additional 557,055 shares during the period. Institutional investors own 36.37% of the company’s stock.

FS Credit Opportunities Company Profile

FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.