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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Monday, March 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.093 per share on Tuesday, April 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Monday, April 22nd.

Blackstone Strategic Credit 2027 Term Fund has increased its dividend by an average of 1.4% annually over the last three years.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB stock opened at $11.76 on Friday. The business’s fifty day moving average is $11.77 and its 200-day moving average is $11.36. Blackstone Strategic Credit 2027 Term Fund has a twelve month low of $10.40 and a twelve month high of $11.97.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Pathstone Holdings LLC bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 4th quarter valued at $13,647,000. Morgan Stanley increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 10.0% in the 4th quarter. Morgan Stanley now owns 2,946,515 shares of the company’s stock valued at $31,174,000 after buying an additional 269,042 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 30.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 865,552 shares of the company’s stock valued at $9,460,000 after buying an additional 202,416 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Blackstone Strategic Credit 2027 Term Fund in the 1st quarter valued at $1,952,000. Finally, Coastal Bridge Advisors LLC increased its position in shares of Blackstone Strategic Credit 2027 Term Fund by 4.8% in the 4th quarter. Coastal Bridge Advisors LLC now owns 4,012,202 shares of the company’s stock valued at $45,418,000 after buying an additional 182,644 shares in the last quarter.

Blackstone Strategic Credit 2027 Term Fund Company Profile

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.