Blackstone Senior Floating Rate 2027 Term Fund (BSL) To Go Ex-Dividend on August 24th

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, June 12th. Stockholders of record on Monday, August 24th will be given a dividend of 0.088 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, August 24th.

Blackstone Senior Floating Rate 2027 Term Fund Stock Performance

Shares of Blackstone Senior Floating Rate 2027 Term Fund stock remained flat at $13.00 during trading on Friday. The stock had a trading volume of 43,459 shares, compared to its average volume of 44,123. The firm’s 50-day moving average is $13.02 and its two-hundred day moving average is $13.01. Blackstone Senior Floating Rate 2027 Term Fund has a 1 year low of $12.45 and a 1 year high of $14.32.

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.