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

FS Credit Opportunities Corp. (NYSE:FSCO) announced a monthly dividend on Wednesday, July 8th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.0583 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 14.4%. The ex-dividend date is Friday, July 24th.

FS Credit Opportunities Stock Performance

NYSE:FSCO opened at $4.86 on Thursday. The stock’s fifty day moving average is $4.98 and its two-hundred day moving average is $5.38. FS Credit Opportunities has a 52 week low of $4.13 and a 52 week high of $7.65.

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

Hedge Funds Weigh In On FS Credit Opportunities

Several institutional investors have recently bought and sold shares of FSCO. Maridea Wealth Management LLC lifted its position in shares of FS Credit Opportunities by 2.2% during the fourth quarter. Maridea Wealth Management LLC now owns 74,940 shares of the company’s stock worth $472,000 after purchasing an additional 1,581 shares in the last quarter. Moors & Cabot Inc. increased its stake in FS Credit Opportunities by 4.4% during the 3rd quarter. Moors & Cabot Inc. now owns 40,569 shares of the company’s stock worth $280,000 after buying an additional 1,720 shares during the period. Private Advisor Group LLC increased its stake in FS Credit Opportunities by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 247,429 shares of the company’s stock worth $1,710,000 after buying an additional 1,829 shares during the period. Certior Financial Group LLC lifted its holdings in FS Credit Opportunities by 0.7% during the 4th quarter. Certior Financial Group LLC now owns 289,753 shares of the company’s stock worth $1,825,000 after buying an additional 1,965 shares in the last quarter. Finally, Centerpoint Advisory Group lifted its holdings in FS Credit Opportunities by 3.7% during the 4th quarter. Centerpoint Advisory Group now owns 62,079 shares of the company’s stock worth $391,000 after buying an additional 2,198 shares in the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

FS Credit Opportunities Company Profile

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.