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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Tuesday, June 17th, Wall Street Journal reports. Shareholders of record on Friday, August 22nd will be given 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 of this dividend is Friday, August 22nd.

Blackstone Strategic Credit 2027 Term Fund Price Performance

Blackstone Strategic Credit 2027 Term Fund stock opened at $11.97 on Tuesday. The company’s 50-day moving average price is $11.80 and its two-hundred day moving average price is $12.10. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.47 and a 52 week high of $12.69.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

An institutional investor recently raised its position in Blackstone Strategic Credit 2027 Term Fund stock. Royal Bank of Canada lifted its holdings in Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,388 shares of the company’s stock after purchasing an additional 54,059 shares during the period. Royal Bank of Canada’s holdings in Blackstone Strategic Credit 2027 Term Fund were worth $3,411,000 at the end of the most recent reporting period.

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.