FS Credit Opportunities Corp. (NYSE:FSCO) Plans Monthly Dividend of $0.06

FS Credit Opportunities Corp. (NYSE:FSCO) declared a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0583 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 14.7%. The ex-dividend date is Tuesday, June 23rd.

FS Credit Opportunities Price Performance

FS Credit Opportunities stock opened at $4.75 on Wednesday. FS Credit Opportunities has a 52-week low of $4.13 and a 52-week high of $7.65. The firm has a fifty day moving average of $5.06 and a 200-day moving average of $5.57.

FS Credit Opportunities (NYSE:FSCO) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $57.34 million during the quarter.

Institutional Investors Weigh In On FS Credit Opportunities

Several large investors have recently made changes to their positions in FSCO. Cassaday & Co Wealth Management LLC acquired a new stake in shares of FS Credit Opportunities in the first quarter worth $28,000. GHP Investment Advisors Inc. acquired a new stake in shares of FS Credit Opportunities in the first quarter worth $29,000. Advocate Investing Services LLC acquired a new stake in shares of FS Credit Opportunities in the fourth quarter worth $43,000. Jessup Wealth Management Inc acquired a new stake in shares of FS Credit Opportunities in the fourth quarter worth $50,000. Finally, Larson Financial Group LLC increased its position in shares of FS Credit Opportunities by 73.1% in the fourth quarter. Larson Financial Group LLC now owns 8,172 shares of the company’s stock worth $51,000 after acquiring an additional 3,450 shares in the last quarter. Institutional investors and hedge funds own 36.37% of the company’s stock.

About FS Credit Opportunities

FS Credit Opportunities Fund Inc (NYSE: FSCO) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and capital appreciation. The fund pursues its objectives by investing primarily in corporate credit instruments, including high-yield bonds, leveraged loans and other credit-related securities. FSCO’s flexible mandate allows it to allocate across the credit spectrum, rotating among sectors, maturities and structures in response to changing market conditions.

Under normal market environments, the fund typically invests at least 80% of its total assets in non-investment grade corporate debt securities, with the remainder allocated to investment-grade obligations, cash and cash equivalents.