Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declares $0.10 Monthly Dividend

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be paid a dividend of 0.101 per share on Wednesday, July 31st. This represents a $1.21 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Wednesday, July 24th.

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

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of NYSE:BGB opened at $11.81 on Monday. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $10.47 and a 52-week high of $12.24. The business has a 50-day moving average price of $11.99 and a 200-day moving average price of $11.80.

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.