Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Announces $0.11 Monthly Dividend

Posted by Lauren Steadman on Apr 20th, 2024

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) announced a monthly dividend on Monday, March 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.105 per share on Tuesday, April 30th. This represents a $1.26 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Monday, April 22nd.

Blackstone / GSO Long-Short Credit Income Fund has raised its dividend by an average of 2.0% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Blackstone / GSO Long-Short Credit Income Fund Price Performance

Shares of Blackstone / GSO Long-Short Credit Income Fund stock opened at $12.18 on Friday. The firm has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $11.75. Blackstone / GSO Long-Short Credit Income Fund has a fifty-two week low of $10.69 and a fifty-two week high of $12.44.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of BGX. SkyView Investment Advisors LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at approximately $40,000. JPMorgan Chase & Co. bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the second quarter valued at approximately $41,000. Comerica Bank bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $109,000. Envestnet Asset Management Inc. bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $124,000. Finally, Nomura Holdings Inc. bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at approximately $125,000.

Blackstone / GSO Long-Short Credit Income Fund Company Profile

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Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.