Blackstone/GSO Strategic Credit Fund Declares Monthly Dividend of $0.07 (NYSE:BGB)

Blackstone/GSO Strategic Credit Fund (NYSE:BGBGet Rating) declared a monthly dividend on Monday, March 14th, Wall Street Journal reports. Investors of record on Friday, April 22nd will be paid a dividend of 0.065 per share on Friday, April 29th. This represents a $0.78 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Thursday, April 21st.

Shares of NYSE BGB opened at $12.64 on Tuesday. Blackstone/GSO Strategic Credit Fund has a 12-month low of $12.52 and a 12-month high of $14.14. The company’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $13.46.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC bought a new position in Blackstone/GSO Strategic Credit Fund during the third quarter worth $260,000. Bank of New York Mellon Corp bought a new position in Blackstone/GSO Strategic Credit Fund during the third quarter worth $282,000. Advisors Asset Management Inc. bought a new position in Blackstone/GSO Strategic Credit Fund during the fourth quarter worth $368,000. Thrivent Financial for Lutherans bought a new position in Blackstone/GSO Strategic Credit Fund during the fourth quarter worth $759,000. Finally, NewEdge Advisors LLC bought a new position in Blackstone/GSO Strategic Credit Fund during the fourth quarter worth $998,000.

About Blackstone/GSO Strategic Credit Fund (Get Rating)

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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Dividend History for Blackstone/GSO Strategic Credit Fund (NYSE:BGB)

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