Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Monthly Dividend of $0.08 on May 29th

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Friday, March 13th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.079 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

BGB opened at $11.39 on Tuesday. Blackstone Strategic Credit 2027 Term Fund has a one year low of $10.85 and a one year high of $12.65. The business’s fifty day moving average is $11.26 and its two-hundred day moving average is $11.58.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end management investment company organized as an interval fund, designed to provide investors with exposure to a diversified portfolio of credit instruments. The fund commenced operations in late 2020 and is structured with a defined term ending in 2027, at which point it intends to liquidate its assets and distribute proceeds to shareholders. As an interval fund, BGB offers limited redemption opportunities on a quarterly basis, allowing for greater investment flexibility while maintaining portfolio stability.

The fund’s primary business activity involves investing across the credit spectrum, including senior secured loans, high-yield and investment-grade corporate bonds, structured credit, and direct lending opportunities.