FS Specialty Lending Fund (NYSE:FSSL) Shareholders to Get $0.15 Monthly Dividend

FS Specialty Lending Fund (NYSE:FSSL) declared a monthly dividend on Monday, October 12th. Stockholders of record on Friday, November 20th will be given a dividend of $0.1495 per share on Monday, November 30th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date is Friday, November 20th.

FS Specialty Lending Fund Trading Down 0.8%

Shares of NYSE FSSL opened at $11.44 on Tuesday. The business’s 50 day moving average price is $11.63 and its 200-day moving average price is $11.63. FS Specialty Lending Fund has a fifty-two week low of $10.75 and a fifty-two week high of $15.00.

Wall Street Analysts Forecast Growth

Separately, Compass Point started coverage on FS Specialty Lending Fund in a report on Wednesday, September 23rd. They set a “buy” rating and a $15.75 price objective for the company. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.75.

FS Specialty Lending Fund (NYSE: FSSL) is a closed-end investment company that has elected to operate as a business development company. The fund seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in privately negotiated debt and other investments issued by middle-market companies.

Its portfolio may include senior secured loans, unitranche and subordinated debt, unsecured debt, and equity or equity-related securities. Through these investments, FS Specialty Lending Fund provides financing to privately held businesses that may use the proceeds for acquisitions, recapitalizations, refinancing, growth initiatives, or other corporate purposes.

The fund is externally managed by FS/KKR Advisor, LLC, an investment adviser affiliated with FS Investments and KKR.