Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Monthly Dividend of $0.09 on October 31st

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Monday, September 16th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.093 per share on Thursday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Thursday, October 24th.

Blackstone Strategic Credit 2027 Term Fund has increased its dividend payment by an average of 3.9% per year over the last three years.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Shares of Blackstone Strategic Credit 2027 Term Fund stock opened at $12.40 on Tuesday. The firm has a 50 day simple moving average of $12.31 and a 200 day simple moving average of $12.06. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.47 and a fifty-two week high of $12.52.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund is a close ended fixed income mutual fund launched and managed by GSO / Blackstone Debt Funds Management LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the loans and other fixed income instruments including first- and second-lien secured loans and high-yield corporate bonds of different maturities.