Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) to Issue $0.08 Monthly Dividend

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, March 13th. Investors of record on Thursday, May 21st will be paid a dividend of 0.084 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, May 21st.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of BSL opened at $13.19 on Tuesday. Blackstone Senior Floating Rate 2027 Term Fund has a 12-month low of $12.45 and a 12-month high of $14.35. The company’s 50-day moving average price is $12.96 and its 200 day moving average price is $13.32.

Institutional Trading of Blackstone Senior Floating Rate 2027 Term Fund

Several institutional investors and hedge funds have recently bought and sold shares of BSL. Raymond James Financial Inc. raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock valued at $1,037,000 after buying an additional 8,506 shares during the period. Bank of America Corp DE raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 811,554 shares of the company’s stock valued at $11,605,000 after buying an additional 14,283 shares during the period. Captrust Financial Advisors raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 71.2% in the 2nd quarter. Captrust Financial Advisors now owns 30,434 shares of the company’s stock valued at $435,000 after buying an additional 12,659 shares during the period. TrueMark Investments LLC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter valued at about $1,014,000. Finally, UBS Group AG raised its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 2.5% in the 3rd quarter. UBS Group AG now owns 164,048 shares of the company’s stock valued at $2,307,000 after buying an additional 4,058 shares during the period.

About Blackstone Senior Floating Rate 2027 Term Fund

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.