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

FS Credit Opportunities Corp. (NYSE:FSCO) announced a monthly dividend on Monday, September 9th, NASDAQ reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.06 per share on Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date is Monday, September 23rd.

FS Credit Opportunities Price Performance

FS Credit Opportunities stock traded up $0.15 during midday trading on Tuesday, reaching $6.28. 864,058 shares of the stock traded hands, compared to its average volume of 679,133. The stock’s fifty day moving average is $6.29 and its 200-day moving average is $6.13. FS Credit Opportunities has a 12 month low of $5.00 and a 12 month high of $6.64.

Insider Activity

In other news, CEO Michael C. Forman sold 218,961 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $6.15, for a total transaction of $1,346,610.15. Following the completion of the sale, the chief executive officer now directly owns 116,297 shares of the company’s stock, valued at $715,226.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael C. Forman sold 218,961 shares of FS Credit Opportunities stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $6.15, for a total value of $1,346,610.15. Following the completion of the sale, the chief executive officer now directly owns 116,297 shares in the company, valued at $715,226.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 102,860 shares of FS Credit Opportunities stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $6.11, for a total value of $628,474.60. Following the completion of the sale, the chief executive officer now owns 13,437 shares of the company’s stock, valued at $82,100.07. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.