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

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 annualized dividend 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% per year over the last three years.

Blackstone Strategic Credit 2027 Term Fund Stock Performance

Blackstone Strategic Credit 2027 Term Fund stock opened at $11.76 on Friday. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.40 and a 1 year high of $11.97. The business has a 50-day moving average of $11.77 and a 200-day moving average of $11.36.

Hedge Funds Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new position in shares of Blackstone Strategic Credit 2027 Term Fund during the 1st quarter valued at about $227,000. First Trust Advisors LP lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 11.1% during the 1st quarter. First Trust Advisors LP now owns 220,743 shares of the company’s stock valued at $2,881,000 after purchasing an additional 22,075 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 33.9% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 162,174 shares of the company’s stock valued at $2,114,000 after purchasing an additional 41,045 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 51.3% during the 1st quarter. Invesco Ltd. now owns 247,206 shares of the company’s stock valued at $3,227,000 after purchasing an additional 83,812 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 12.5% during the 1st quarter. Royal Bank of Canada now owns 71,954 shares of the company’s stock valued at $939,000 after purchasing an additional 8,019 shares in 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.