Blackstone Strategic Credit 2027 Term Fund to Issue Monthly Dividend of $0.08 (NYSE:BGB)

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, December 12th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.077 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

BGB stock opened at $11.85 on Monday. The company’s 50 day moving average price is $11.81 and its 200 day moving average price is $12.11. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.47 and a fifty-two week high of $12.65.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) is a closed-end management investment company organized as an interval fund, designed to provide investors with exposure to a diversified portfolio of credit instruments. The fund commenced operations in late 2020 and is structured with a defined term ending in 2027, at which point it intends to liquidate its assets and distribute proceeds to shareholders. As an interval fund, BGB offers limited redemption opportunities on a quarterly basis, allowing for greater investment flexibility while maintaining portfolio stability.

The fund’s primary business activity involves investing across the credit spectrum, including senior secured loans, high-yield and investment-grade corporate bonds, structured credit, and direct lending opportunities.