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

FS Credit Opportunities Corp. (NYSE:FSCO - Get Free Report) announced a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.06 per share on Tuesday, April 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.12%. The ex-dividend date of this dividend is Monday, April 22nd.

FS Credit Opportunities Stock Performance

Shares of NYSE FSCO traded up $0.02 during mid-day trading on Tuesday, reaching $5.94. 833,464 shares of the company were exchanged, compared to its average volume of 700,574. FS Credit Opportunities has a 52 week low of $4.14 and a 52 week high of $6.00. The company's 50 day moving average price is $5.79 and its 200 day moving average price is $5.67.

Insider Transactions at FS Credit Opportunities

In other FS Credit Opportunities news, Director Barbara J. Fouss purchased 11,000 shares of the stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $5.87 per share, with a total value of $64,570.00. Following the completion of the purchase, the director now directly owns 21,130 shares of the company's stock, valued at approximately $124,033.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other FS Credit Opportunities news, Director Barbara J. Fouss purchased 11,000 shares of the stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $5.87 per share, with a total value of $64,570.00. Following the completion of the purchase, the director now directly owns 21,130 shares of the company's stock, valued at approximately $124,033.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Bethel acquired 6,500 shares of the stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of $5.80 per share, with a total value of $37,700.00. Following the completion of the purchase, the director now owns 11,500 shares of the company's stock, valued at approximately $66,700. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FS Credit Opportunities

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of FS Credit Opportunities by 28.5% during the second quarter. Cerity Partners LLC now owns 45,414 shares of the company's stock valued at $216,000 after buying an additional 10,086 shares during the period. Bleakley Financial Group LLC bought a new position in FS Credit Opportunities in the second quarter worth about $231,000. IFP Advisors Inc raised its stake in FS Credit Opportunities by 29.3% in the second quarter. IFP Advisors Inc now owns 41,550 shares of the company's stock worth $197,000 after buying an additional 9,420 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in FS Credit Opportunities by 26.3% in the second quarter. Orion Portfolio Solutions LLC now owns 77,590 shares of the company's stock worth $369,000 after buying an additional 16,179 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in FS Credit Opportunities in the second quarter worth about $83,000. 36.37% of the stock is owned by institutional investors.

About FS Credit Opportunities

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.