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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Tuesday, September 17th, Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.093 per share on Friday, November 29th. This represents a $1.12 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date is Thursday, November 21st.

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

Blackstone Strategic Credit 2027 Term Fund Stock Performance

BGB traded down $0.04 on Tuesday, reaching $12.32. The company’s stock had a trading volume of 179,121 shares, compared to its average volume of 166,443. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.47 and a fifty-two week high of $12.48. The stock has a 50 day moving average of $12.08 and a two-hundred day moving average of $11.96.

About Blackstone Strategic Credit 2027 Term Fund

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.