Blackstone / GSO Strategic Credit Fund (BGB) to Issue Monthly Dividend of $0.08 on October 30th
Blackstone / GSO Strategic Credit Fund (NYSE:BGB) declared a monthly dividend on Monday, September 14th, Wall Street Journal reports. Shareholders of record on Friday, October 23rd will be given a dividend of 0.08 per share on Friday, October 30th. This represents a $0.96 annualized dividend and a yield of 7.93%. The ex-dividend date is Thursday, October 22nd.
Blackstone / GSO Strategic Credit Fund has increased its dividend payment by 4.9% over the last three years and has increased its dividend every year for the last 1 years.
NYSE BGB opened at $12.10 on Wednesday. Blackstone / GSO Strategic Credit Fund has a 52 week low of $7.91 and a 52 week high of $14.99. The company has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $11.36.
Blackstone/GSO Strategic Credit 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.
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