Shares of FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) reached a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as $7.22 and last traded at $7.14, with a volume of 914951 shares changing hands. The stock had previously closed at $7.09.
The newly announced dividend which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.0645 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.77 dividend on an annualized basis and a yield of 10.83%.
FS Credit Opportunities Price Performance
The firm's fifty day moving average price is $6.81 and its 200-day moving average price is $6.79.
Hedge Funds Weigh In On FS Credit Opportunities
Several large investors have recently bought and sold shares of FSCO. Blackstone Inc. purchased a new stake in shares of FS Credit Opportunities in the 4th quarter valued at about $11,341,000. Bensler LLC acquired a new position in FS Credit Opportunities during the first quarter worth approximately $4,013,000. Noble Wealth Management PBC purchased a new stake in FS Credit Opportunities in the fourth quarter valued at approximately $3,255,000. Raymond James Financial Inc. acquired a new stake in shares of FS Credit Opportunities in the fourth quarter valued at approximately $3,128,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of FS Credit Opportunities during the fourth quarter worth approximately $2,252,000. Institutional investors and hedge funds own 36.37% of the company's stock.
FS Credit Opportunities Company Profile
(
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FS Credit Opportunities Corp. is a close ended fixed income fund launched by Franklin Square Capital Partners. The fund is managed by FS Global Advisor, LLC. It invests in fixed income markets across the globe, with a strong focus on Europe and the United States. The fund seeks to invest in securities of companies that are operating across diversified sectors.
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