Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) Declares Monthly Dividend of $0.10

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) announced a monthly dividend on Tuesday, September 12th, Zacks reports. Investors of record on Friday, September 22nd will be given a dividend of 0.102 per share on Friday, September 29th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 10.94%. The ex-dividend date is Thursday, September 21st.

Blackstone Strategic Credit 2027 Term Fund has decreased its dividend payment by an average of 16.2% annually over the last three years and has raised its dividend every year for the last 1 years.

Blackstone Strategic Credit 2027 Term Fund Price Performance

BGB opened at $11.19 on Tuesday. The company has a fifty day moving average price of $11.08 and a two-hundred day moving average price of $10.83. Blackstone Strategic Credit 2027 Term Fund has a 52 week low of $10.27 and a 52 week high of $11.38.

Insider Transactions at Blackstone Strategic Credit 2027 Term Fund

In related news, Portfolio Manager Gordon Mckemie acquired 11,500 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average price of $10.70 per share, for a total transaction of $123,050.00. Following the completion of the acquisition, the portfolio manager now owns 29,833 shares of the company’s stock, valued at approximately $319,213.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Large investors have recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 10.0% during the fourth quarter. Morgan Stanley now owns 2,946,515 shares of the company’s stock worth $31,174,000 after purchasing an additional 269,042 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Blackstone Strategic Credit 2027 Term Fund by 30.5% during the second quarter. Integrated Wealth Concepts LLC now owns 865,552 shares of the company’s stock worth $9,460,000 after acquiring an additional 202,416 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Blackstone Strategic Credit 2027 Term Fund in the first quarter valued at about $1,952,000. Invesco Ltd. grew its stake in Blackstone Strategic Credit 2027 Term Fund by 51.3% in the first quarter. Invesco Ltd. now owns 247,206 shares of the company’s stock valued at $3,227,000 after acquiring an additional 83,812 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Blackstone Strategic Credit 2027 Term Fund by 260.8% in the first quarter. Advisors Asset Management Inc. now owns 98,360 shares of the company’s stock worth $1,284,000 after acquiring an additional 71,100 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.