Blackstone / GSO Long-Short Credit Income Fund Announces Monthly Dividend of $0.11 (NYSE:BGX)

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) declared a monthly dividend on Tuesday, September 12th, Zacks reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.112 per share on Friday, September 29th. This represents a $1.34 annualized dividend and a yield of 11.57%. The ex-dividend date is Thursday, September 21st.

Blackstone / GSO Long-Short Credit Income Fund has decreased its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 1 years.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

BGX opened at $11.62 on Thursday. Blackstone / GSO Long-Short Credit Income Fund has a 1-year low of $10.58 and a 1-year high of $11.80. The firm has a 50-day moving average price of $11.52 and a two-hundred day moving average price of $11.17.

Institutional Trading of Blackstone / GSO Long-Short Credit Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund in the first quarter valued at about $40,000. JPMorgan Chase & Co. acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the second quarter worth $41,000. Envestnet Asset Management Inc. acquired a new position in Blackstone / GSO Long-Short Credit Income Fund in the third quarter valued at about $124,000. Cetera Advisor Networks LLC bought a new position in Blackstone / GSO Long-Short Credit Income Fund during the fourth quarter worth about $129,000. Finally, HighTower Advisors LLC acquired a new position in shares of Blackstone / GSO Long-Short Credit Income Fund during the 4th quarter worth about $164,000.

About Blackstone / GSO Long-Short Credit Income Fund

Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.