Blackstone Senior Floating Rate 2027 Term Fund to Issue Monthly Dividend of $0.08 (NYSE:BSL)

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) announced a monthly dividend on Friday, March 13th. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.084 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, April 23rd.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of NYSE BSL opened at $13.28 on Tuesday. Blackstone Senior Floating Rate 2027 Term Fund has a one year low of $12.45 and a one year high of $14.35. The business’s 50-day moving average price is $12.93 and its two-hundred day moving average price is $13.41.

Hedge Funds Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its holdings in Blackstone Senior Floating Rate 2027 Term Fund by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 72,486 shares of the company’s stock valued at $1,037,000 after buying an additional 8,506 shares during the period. Bank of America Corp DE lifted its holdings in shares of Blackstone Senior Floating Rate 2027 Term Fund by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 811,554 shares of the company’s stock worth $11,605,000 after acquiring an additional 14,283 shares during the period. UBS Group AG boosted its position in shares of Blackstone Senior Floating Rate 2027 Term Fund by 2.5% during the 3rd quarter. UBS Group AG now owns 164,048 shares of the company’s stock valued at $2,307,000 after acquiring an additional 4,058 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 1.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 73,355 shares of the company’s stock valued at $990,000 after acquiring an additional 792 shares during the period. Finally, Captrust Financial Advisors increased its stake in Blackstone Senior Floating Rate 2027 Term Fund by 71.2% in the second quarter. Captrust Financial Advisors now owns 30,434 shares of the company’s stock valued at $435,000 after acquiring an additional 12,659 shares during the period.

About Blackstone Senior Floating Rate 2027 Term Fund

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.