Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Shareholders to Get $0.07 Monthly Dividend

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Friday, September 11th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.0740 per share on Friday, October 30th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, October 23rd.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Shares of BGB stock traded up $0.01 during trading hours on Wednesday, hitting $11.04. 5,995 shares of the company were exchanged, compared to its average volume of 149,615. The company has a 50 day simple moving average of $11.18 and a two-hundred day simple moving average of $11.25. Blackstone Strategic Credit 2027 Term Fund has a fifty-two week low of $10.85 and a fifty-two week high of $12.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Blackstone Strategic Credit 2027 Term Fund by 2.2% during the first quarter. Bank of America Corp DE now owns 1,973,911 shares of the company’s stock worth $22,009,000 after purchasing an additional 42,416 shares during the period. Elevation Point Wealth Partners LLC lifted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 3.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 262,620 shares of the company’s stock valued at $2,928,000 after purchasing an additional 9,219 shares in the last quarter. Robbins Farley boosted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 0.9% in the 3rd quarter. Robbins Farley now owns 244,024 shares of the company’s stock worth $2,743,000 after buying an additional 2,067 shares during the last quarter. Calamos Advisors LLC boosted its position in Blackstone Strategic Credit 2027 Term Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 34,943 shares of the company’s stock worth $390,000 after purchasing an additional 4,160 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC grew its position in Blackstone Strategic Credit 2027 Term Fund by 44.6% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 27,575 shares of the company’s stock valued at $307,000 after buying an additional 8,500 shares during the period.

Blackstone Strategic Credit 2027 Term Fund Company Profile

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) is a closed-end investment fund managed by Blackstone Credit & Insurance, part of Blackstone. The fund seeks to provide investors with current income and capital preservation by investing primarily in credit-related assets.

The fund’s portfolio may include senior secured loans, high-yield bonds, corporate debt, structured credit instruments and other fixed-income securities. It can invest across industries and geographies, with an emphasis on the U.S.