FS Credit Opportunities Corp. (NYSE:FSCO) Raises Dividend to $0.06 Per Share

Key Points

• FS Credit Opportunities declared a monthly dividend of $0.0594 per share, payable August 31 to shareholders of record August 24. The payout represents a 1.9% increase and an annualized yield of approximately 14.0%.
• FSCO shares recently traded at $5.10, with a 52-week range of $4.13 to $7.53 and moving averages of $4.90 over 50 days and $5.15 over 200 days.
• Institutional ownership stands at 36.37%, with several firms increasing their positions. The closed-end fund primarily invests in non-investment-grade corporate debt, including high-yield bonds and leveraged loans.

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) declared a monthly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.0594 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date is Monday, August 24th. This is a 1.9% increase from FS Credit Opportunities's previous monthly dividend of $0.06.

FS Credit Opportunities Price Performance

Shares of FS Credit Opportunities stock traded up $0.06 during trading hours on Wednesday, hitting $5.10. The company's stock had a trading volume of 171,638 shares, compared to its average volume of 1,441,711. The business has a fifty day moving average of $4.90 and a 200 day moving average of $5.15. FS Credit Opportunities has a 1-year low of $4.13 and a 1-year high of $7.53.

Hedge Funds Weigh In On FS Credit Opportunities

Several hedge funds and other institutional investors have recently bought and sold shares of FSCO. Focus Partners Wealth boosted its stake in shares of FS Credit Opportunities by 5.0% in the first quarter. Focus Partners Wealth now owns 80,960 shares of the company's stock valued at $571,000 after purchasing an additional 3,839 shares during the period. Invesco Ltd. increased its position in shares of FS Credit Opportunities by 40.5% during the second quarter. Invesco Ltd. now owns 309,787 shares of the company's stock worth $2,249,000 after acquiring an additional 89,368 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of FS Credit Opportunities by 1.6% in the second quarter. First Trust Advisors LP now owns 411,026 shares of the company's stock worth $2,984,000 after acquiring an additional 6,603 shares in the last quarter. Baird Financial Group Inc. purchased a new position in FS Credit Opportunities in the second quarter valued at about $647,000. Finally, Raymond James Financial Inc. increased its holdings in FS Credit Opportunities by 6.8% during the 2nd quarter. Raymond James Financial Inc. now owns 528,526 shares of the company's stock worth $3,837,000 after purchasing an additional 33,478 shares during the last quarter. 36.37% of the stock is owned by institutional investors and hedge funds.

About FS Credit Opportunities

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.

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