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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, September 13th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.093 per share on Friday, November 29th. This represents a $1.12 annualized dividend and a yield of 8.99%. The ex-dividend date is Thursday, November 21st.

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 Trading Up 0.4 %

Shares of BGB stock opened at $12.42 on Tuesday. Blackstone Strategic Credit 2027 Term Fund has a twelve month low of $10.86 and a twelve month high of $12.52. The stock has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $12.13.

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.