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

FS Credit Opportunities Corp. (NYSE:FSCO) declared a monthly dividend on Wednesday, November 8th, Wall Street Journal reports. Shareholders of record on Tuesday, November 21st will be paid a dividend of 0.057 per share on Thursday, November 30th. This represents a $0.68 annualized dividend and a yield of 12.04%. The ex-dividend date of this dividend is Monday, November 20th.

FS Credit Opportunities Price Performance

Shares of FSCO stock opened at $5.68 on Friday. The business’s fifty day moving average is $5.43. FS Credit Opportunities has a 1-year low of $4.08 and a 1-year high of $5.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its position in shares of FS Credit Opportunities by 54.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,616 shares of the company’s stock worth $27,000 after buying an additional 1,980 shares during the last quarter. Armstrong Fleming & Moore Inc bought a new stake in FS Credit Opportunities in the 2nd quarter valued at about $49,000. Coppell Advisory Solutions LLC bought a new stake in FS Credit Opportunities in the 2nd quarter valued at about $55,000. Tyler Stone Wealth Management bought a new stake in FS Credit Opportunities in the 2nd quarter valued at about $82,000. Finally, Citadel Advisors LLC bought a new stake in FS Credit Opportunities in the 2nd quarter valued at about $83,000. 29.99% of the stock is currently 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.