Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Plans Monthly Dividend of $0.09

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, June 12th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.088 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, June 23rd. This is a 4.8% increase from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.08.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of NYSE BSL opened at $13.01 on Friday. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $12.45 and a 1 year high of $14.35. The firm’s 50 day moving average price is $13.05 and its 200 day moving average price is $13.19.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BSL. Harbour Investments Inc. grew its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the fourth quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock valued at $25,000 after purchasing an additional 1,561 shares during the period. Kestra Advisory Services LLC purchased a new position in Blackstone Senior Floating Rate 2027 Term Fund during the fourth quarter worth about $34,000. Susquehanna International Group LLP acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter worth about $144,000. Kathmere Capital Management LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 1st quarter worth about $136,000. Finally, Noble Wealth Management PBC purchased a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 4th quarter valued at about $187,000.

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.