Blackstone / GSO Long-Short Credit Income Fund Announces Monthly Dividend of $0.11 (NYSE:BGX)

Posted by Faye Duncan on Nov 20th, 2023

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Free Report) declared a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.112 per share on Thursday, November 30th. This represents a $1.34 dividend on an annualized basis and a yield of 11.67%. The ex-dividend date is Tuesday, November 21st.

Blackstone / GSO Long-Short Credit Income Fund has decreased its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 1 years.

Blackstone / GSO Long-Short Credit Income Fund Trading Down 0.3 %

Shares of Blackstone / GSO Long-Short Credit Income Fund stock opened at $11.52 on Monday. The company has a 50-day simple moving average of $11.42 and a two-hundred day simple moving average of $11.31. Blackstone / GSO Long-Short Credit Income Fund has a one year low of $10.66 and a one year high of $11.84.

Hedge Funds Weigh In On Blackstone / GSO Long-Short Credit Income Fund

Several hedge funds have recently modified their holdings of BGX. JPMorgan Chase & Co. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the second quarter valued at approximately $41,000. SkyView Investment Advisors LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at approximately $40,000. Envestnet Asset Management Inc. purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at approximately $124,000. Cetera Advisor Networks LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at approximately $129,000. Finally, HighTower Advisors LLC purchased a new stake in Blackstone / GSO Long-Short Credit Income Fund in the fourth quarter valued at approximately $164,000.

About Blackstone / GSO Long-Short Credit Income Fund

(Get Free Report)

Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.