FS Specialty Lending Fund (NYSE:FSSL) Shares Will Pay Monthly Dividend of $0.15

FS Specialty Lending Fund (NYSE:FSSL) announced a monthly dividend on Monday, October 12th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.1495 per share on Friday, October 30th. This represents a $1.79 annualized dividend and a yield of 15.7%. The ex-dividend date is Friday, October 23rd.

FS Specialty Lending Fund Stock Performance

Shares of FS Specialty Lending Fund stock opened at $11.44 on Tuesday. FS Specialty Lending Fund has a 12-month low of $10.75 and a 12-month high of $15.00. The firm’s 50 day simple moving average is $11.63 and its two-hundred day simple moving average is $11.63.

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.