Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) to Issue Dividend of $0.09

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a dividend on Monday, March 24th, investing.com reports. Investors 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 payment by an average of 7.2% annually over the last three years.

Blackstone Strategic Credit 2027 Term Fund Stock Down 0.2 %

Shares of NYSE:BGB traded down $0.03 during trading on Monday, reaching $12.06. The stock had a trading volume of 91,940 shares, compared to its average volume of 180,151. The firm’s 50-day simple moving average is $12.33 and its 200 day simple moving average is $12.35. Blackstone Strategic Credit 2027 Term Fund has a one year low of $11.58 and a one year 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.