Blackstone / GSO Strategic Credit Fund (NYSE:BGB) declared a monthly dividend on Tuesday, September 15th, Wall Street Journal reports. Stockholders of record on Friday, November 20th will be paid a dividend of 0.08 per share on Monday, November 30th. This represents a $0.96 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend is Thursday, November 19th.
Blackstone / GSO Strategic Credit Fund has increased its dividend by 4.9% over the last three years and has raised its dividend annually for the last 1 consecutive years.
Shares of BGB stock opened at $12.10 on Wednesday. Blackstone / GSO Strategic Credit Fund has a 12-month low of $7.91 and a 12-month high of $14.99. The firm has a fifty day moving average of $11.92 and a 200-day moving average of $11.36.
Blackstone/GSO Strategic Credit 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.
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