Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Raises Dividend to $0.10 Per Share

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, December 12th. Investors of record on Tuesday, December 23rd will be paid a dividend of 0.095 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a 9.2% increase from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.09.

Blackstone Senior Floating Rate 2027 Term Fund Stock Down 0.1%

NYSE:BSL opened at $13.64 on Friday. The firm’s fifty day moving average is $13.76 and its two-hundred day moving average is $14.03. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $13.45 and a one year high of $14.68.

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.