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

Blackstone Strategic Credit 2027 Term Fund (NYSE:BGB) declared a monthly dividend on Tuesday, September 12th, Zacks reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.102 per share on Friday, September 29th. This represents a $1.22 annualized dividend and a dividend yield of 10.90%. 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% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Blackstone Strategic Credit 2027 Term Fund Trading Up 0.4 %

Shares of BGB stock opened at $11.23 on Thursday. Blackstone Strategic Credit 2027 Term Fund has a 1 year low of $10.27 and a 1 year high of $11.74. The business’s fifty day moving average is $11.06 and its 200-day moving average is $10.83.

Insider Transactions at Blackstone Strategic Credit 2027 Term Fund

In related news, Portfolio Manager Gordon Mckemie acquired 18,000 shares of Blackstone Strategic Credit 2027 Term Fund stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average cost of $10.62 per share, with a total value of $191,160.00. Following the purchase, the portfolio manager now directly owns 18,333 shares in the company, valued at approximately $194,696.46. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Blackstone Strategic Credit 2027 Term Fund

Several large investors have recently modified their holdings of the stock. Family Management Corp boosted its stake in shares of Blackstone Strategic Credit 2027 Term Fund by 4.3% during the 4th quarter. Family Management Corp now owns 25,986 shares of the company’s stock worth $275,000 after acquiring an additional 1,065 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 42.1% in the fourth quarter. Bessemer Group Inc. now owns 3,598 shares of the company’s stock worth $38,000 after buying an additional 1,066 shares during the period. HighTower Advisors LLC boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 2.5% in the first quarter. HighTower Advisors LLC now owns 56,651 shares of the company’s stock worth $603,000 after buying an additional 1,394 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 38.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,300 shares of the company’s stock worth $87,000 after buying an additional 2,300 shares during the period. Finally, Snowden Capital Advisors LLC boosted its position in shares of Blackstone Strategic Credit 2027 Term Fund by 4.7% in the first quarter. Snowden Capital Advisors LLC now owns 62,337 shares of the company’s stock worth $664,000 after buying an additional 2,789 shares during the period.

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.