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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.089 per share on Friday, May 30th. This represents a $1.07 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Thursday, May 22nd.

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 Performance

Shares of NYSE BGB opened at $12.11 on Tuesday. The stock’s 50 day moving average price is $12.34 and its two-hundred day moving average price is $12.36. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $11.58 and a 52-week high of $12.69.

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.