Blackstone Senior Floating Rate 2027 Term Fund (BSL) To Go Ex-Dividend on October 23rd

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Wednesday, September 13th, Wall Street Journal reports. Stockholders of record on Tuesday, October 24th will be given a dividend of 0.119 per share on Tuesday, October 31st. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.77%. The ex-dividend date of this dividend is Monday, October 23rd. This is an increase from Blackstone Senior Floating Rate 2027 Term Fund’s previous monthly dividend of $0.11.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.2 %

NYSE:BSL opened at $13.26 on Friday. The company has a 50-day moving average of $13.09 and a 200-day moving average of $12.76. Blackstone Senior Floating Rate 2027 Term Fund has a 52 week low of $12.19 and a 52 week high of $13.36.

Insider Buying and Selling

In related news, Portfolio Manager Gordon Mckemie acquired 4,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $12.48 per share, for a total transaction of $49,920.00. Following the transaction, the portfolio manager now owns 4,000 shares of the company’s stock, valued at approximately $49,920. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSL. Rivernorth Capital Management LLC bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 1st quarter worth approximately $2,591,000. Bank of America Corp DE boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 10.4% during the 1st quarter. Bank of America Corp DE now owns 822,436 shares of the company’s stock worth $12,567,000 after acquiring an additional 77,666 shares during the last quarter. UBS Group AG boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 89.2% during the 3rd quarter. UBS Group AG now owns 132,446 shares of the company’s stock worth $1,664,000 after acquiring an additional 62,426 shares during the last quarter. Captrust Financial Advisors bought a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 4th quarter worth approximately $567,000. Finally, Logan Stone Capital LLC boosted its stake in Blackstone Senior Floating Rate 2027 Term Fund by 58.0% during the 4th quarter. Logan Stone Capital LLC now owns 102,537 shares of the company’s stock worth $1,275,000 after acquiring an additional 37,655 shares during the last quarter.

Blackstone Senior Floating Rate 2027 Term Fund Company Profile

Blackstone Senior Floating Rate 2027 Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.