FS Specialty Lending Fund (NYSE:FSSL) Shareholders to Collect $0.15 Monthly Dividend

FS Specialty Lending Fund (NYSE:FSSL) declared a monthly dividend on Monday, October 12th. Stockholders of record on Friday, November 20th will be given a dividend of $0.1495 per share on Monday, November 30th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 15.7%. The ex-dividend date is Friday, November 20th.

FS Specialty Lending Fund Stock Performance

Shares of FSSL stock opened at $11.44 on Tuesday. FS Specialty Lending Fund has a twelve month low of $10.75 and a twelve month high of $15.00. The business has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $11.63.

Analyst Ratings Changes

Separately, Compass Point assumed coverage on FS Specialty Lending Fund in a research note on Wednesday, September 23rd. They issued a “buy” rating and a $15.75 price objective on the stock. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.75.

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.