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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Monday, June 16th, Wall Street Journal reports. Shareholders of record on Friday, August 22nd will be paid a dividend of 0.089 per share on Friday, August 29th. This represents a $1.07 annualized dividend and a yield of 8.92%. The ex-dividend date is Friday, August 22nd.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Shares of BGB stock opened at $11.97 on Tuesday. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.47 and a 1 year high of $12.69. The company’s fifty day simple moving average is $11.80 and its two-hundred day simple moving average is $12.10.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

An institutional investor recently raised its position in Blackstone Strategic Credit 2027 Term Fund stock. NewEdge Advisors LLC lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,189 shares of the company’s stock after acquiring an additional 7,005 shares during the quarter. NewEdge Advisors LLC’s holdings in Blackstone Strategic Credit 2027 Term Fund were worth $763,000 as of its most recent SEC filing.

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.