Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Monthly Dividend of $0.09 on May 30th

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders 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 8.86%. The ex-dividend date is Thursday, May 22nd.

Blackstone Strategic Credit 2027 Term Fund has raised its dividend by an average of 7.2% annually over the last three years.

Blackstone Strategic Credit 2027 Term Fund Trading Down 0.2 %

Shares of Blackstone Strategic Credit 2027 Term Fund stock opened at $12.06 on Thursday. The firm’s 50-day simple moving average is $12.33 and its 200-day simple moving average is $12.36. Blackstone Strategic Credit 2027 Term Fund has a twelve month low of $11.58 and a twelve month high of $12.69.

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.