Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declares $0.09 Monthly Dividend

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.089 per share on Friday, May 30th. This represents a $1.07 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend is Thursday, May 22nd.

Blackstone Strategic Credit 2027 Term Fund has increased its dividend payment by an average of 7.2% per year over the last three years.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of BGB stock opened at $12.09 on Wednesday. Blackstone Strategic Credit 2027 Term Fund has a 1-year low of $11.58 and a 1-year high of $12.69. The business has a 50-day moving average of $12.34 and a 200 day moving average of $12.36.

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.