Blackstone Strategic Credit 2027 Term Fund (BGB) to Issue Monthly Dividend of $0.09 on April 30th

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Monday, March 11th, Wall Street Journal reports. Investors 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 raised its dividend payment by an average of 1.4% annually over the last three years.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.3 %

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

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

A number of institutional investors have recently made changes to their positions in BGB. Envestnet Asset Management Inc. acquired a new position in Blackstone Strategic Credit 2027 Term Fund in the first quarter valued at $227,000. First Trust Advisors LP increased its stake in Blackstone Strategic Credit 2027 Term Fund by 11.1% during the first quarter. First Trust Advisors LP now owns 220,743 shares of the company’s stock worth $2,881,000 after acquiring an additional 22,075 shares during the last quarter. City of London Investment Management Co. Ltd. increased its stake in Blackstone Strategic Credit 2027 Term Fund by 33.9% during the first quarter. City of London Investment Management Co. Ltd. now owns 162,174 shares of the company’s stock worth $2,114,000 after acquiring an additional 41,045 shares during the last quarter. Invesco Ltd. increased its stake in Blackstone Strategic Credit 2027 Term Fund by 51.3% during the first quarter. Invesco Ltd. now owns 247,206 shares of the company’s stock worth $3,227,000 after acquiring an additional 83,812 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Blackstone Strategic Credit 2027 Term Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 71,954 shares of the company’s stock worth $939,000 after acquiring an additional 8,019 shares during the last quarter.

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.