Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Monthly Dividend of $0.18 on February 28th

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.178 per share on Friday, February 28th. This represents a $2.14 dividend on an annualized basis and a yield of 16.98%. The ex-dividend date is Friday, February 21st. This is an increase from Blackstone Strategic Credit 2027 Term Fund’s previous monthly dividend of $0.09.

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

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.1 %

Blackstone Strategic Credit 2027 Term Fund stock opened at $12.58 on Wednesday. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $11.54 and a 12 month high of $12.69. The business has a 50 day moving average price of $12.38 and a two-hundred day moving average price of $12.33.

Blackstone Strategic Credit 2027 Term Fund Company Profile

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.