BSL Ex-Dividend Reminder - 10/16/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Blackstone/GSO Senior Floating Rate Term Fund (BSL) will trade ex-dividend, for its monthly dividend of $0.11, payable on 10/31/13. As a percentage of BSL's recent stock price of $19.14, this dividend works out to approximately 0.57%, so look for shares of Blackstone/GSO Senior Floating Rate Term Fund to trade 0.57% lower — all else being equal — when BSL shares open for trading on 10/16/13.

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Below is a dividend history chart for BSL, showing historical dividends prior to the most recent $0.11 declared by Blackstone/GSO Senior Floating Rate Term Fund:

BSL+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BSL is likely to continue, and whether the current estimated yield of 6.90% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of BSL shares, versus its 200 day moving average:

Blackstone/GSO Senior Floating Rate Term Fund 200 Day Moving Average Chart

Looking at the chart above, BSL's low point in its 52 week range is $18.30 per share, with $22.21 as the 52 week high point — that compares with a last trade of $19.14.
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In Monday trading, Blackstone/GSO Senior Floating Rate Term Fund shares are currently off about 0.8% on the day.

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