Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Announces Monthly Dividend of $0.10

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.102 per share on Thursday, November 30th. This represents a $1.22 annualized dividend and a yield of 11.02%. The ex-dividend date of this dividend is Tuesday, November 21st.

Blackstone Strategic Credit 2027 Term Fund has decreased its dividend payment by an average of 16.2% annually over the last three years and has increased its dividend every year for the last 1 years.

Blackstone Strategic Credit 2027 Term Fund Stock Up 0.8 %

Shares of NYSE:BGB opened at $11.11 on Monday. Blackstone Strategic Credit 2027 Term Fund has a 52-week low of $10.35 and a 52-week high of $11.38. The company has a 50 day moving average of $10.93 and a two-hundred day moving average of $10.88.

Insider Activity

In other Blackstone Strategic Credit 2027 Term Fund news, Portfolio Manager Gordon Mckemie bought 4,760 shares of Blackstone Strategic Credit 2027 Term Fund stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $10.64 per share, for a total transaction of $50,646.40. Following the purchase, the portfolio manager now owns 34,593 shares in the company, valued at approximately $368,069.52. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in Blackstone Strategic Credit 2027 Term Fund by 42.1% during the fourth quarter. Bessemer Group Inc. now owns 3,598 shares of the company’s stock worth $38,000 after purchasing an additional 1,066 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Blackstone Strategic Credit 2027 Term Fund by 38.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,300 shares of the company’s stock valued at $87,000 after buying an additional 2,300 shares during the last quarter. Money Concepts Capital Corp bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the fourth quarter valued at $98,000. Captrust Financial Advisors bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the second quarter valued at $104,000. Finally, Walleye Capital LLC bought a new stake in Blackstone Strategic Credit 2027 Term Fund in the second quarter valued at $115,000.

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.