Blackstone / GSO Strategic Credit Fund Declares Monthly Dividend of $0.11 (NYSE:BGB)
Blackstone / GSO Strategic Credit Fund (NYSE:BGB) announced a monthly dividend on Wednesday, September 11th, Zacks reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.111 per share on Monday, September 30th. This represents a $1.33 annualized dividend and a yield of 8.89%. The ex-dividend date of this dividend is Friday, September 20th.
Blackstone / GSO Strategic Credit Fund has increased its dividend payment by an average of 0.1% per year over the last three years.
BGB opened at $14.98 on Thursday. Blackstone / GSO Strategic Credit Fund has a 1-year low of $13.03 and a 1-year high of $16.02. The company has a fifty day moving average price of $14.58 and a two-hundred day moving average price of $14.59.
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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