Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Announces Monthly Dividend of $0.07

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, September 11th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.0740 per share on Friday, October 30th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, October 23rd.

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.0%

Shares of BGB traded up $0.01 during mid-day trading on Wednesday, hitting $11.04. 5,995 shares of the company’s stock were exchanged, compared to its average volume of 149,615. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.85 and a 52 week high of $12.01. The stock’s 50-day simple moving average is $11.18 and its 200-day simple moving average is $11.25.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of hedge funds have recently added to or reduced their stakes in BGB. Bank of America Corp DE raised its stake in Blackstone Strategic Credit 2027 Term Fund by 2.2% in the first quarter. Bank of America Corp DE now owns 1,973,911 shares of the company’s stock valued at $22,009,000 after purchasing an additional 42,416 shares in the last quarter. Robbins Farley increased its position in Blackstone Strategic Credit 2027 Term Fund by 15.6% during the 1st quarter. Robbins Farley now owns 213,678 shares of the company’s stock worth $2,383,000 after purchasing an additional 28,807 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund in the 1st quarter valued at $143,000. Noble Wealth Management PBC raised its position in Blackstone Strategic Credit 2027 Term Fund by 2,086.7% in the third quarter. Noble Wealth Management PBC now owns 13,120 shares of the company’s stock valued at $147,000 after purchasing an additional 12,520 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in Blackstone Strategic Credit 2027 Term Fund in the 1st quarter valued at approximately $118,000.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) is a closed-end investment fund managed by Blackstone Credit & Insurance, part of Blackstone. The fund seeks to provide investors with current income and capital preservation by investing primarily in credit-related assets.

The fund’s portfolio may include senior secured loans, high-yield bonds, corporate debt, structured credit instruments and other fixed-income securities. It can invest across industries and geographies, with an emphasis on the U.S.