Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Dividend of $0.09 on March 31st

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a dividend on Monday, March 24th, investing.com reports. Shareholders of record on Tuesday, March 25th will be paid a dividend of 0.089 per share on Monday, March 31st. This represents a yield of 8.83%. The ex-dividend date is Monday, March 24th.

Blackstone Strategic Credit 2027 Term Fund has increased its dividend by an average of 7.2% per year over the last three years.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB stock opened at $12.10 on Wednesday. The company’s 50-day moving average price is $12.32 and its two-hundred day moving average price is $12.35. Blackstone Strategic Credit 2027 Term Fund has a 12 month low of $11.58 and a 12 month 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.