Blackstone / GSO Strategic Credit Fund (NYSE:BGB) declared a monthly dividend on Tuesday, September 15th, Wall Street Journal reports. Investors of record on Friday, November 20th will be given a dividend of 0.08 per share on Monday, November 30th. This represents a $0.96 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date of this dividend is Thursday, November 19th.
Blackstone / GSO Strategic Credit Fund has raised its dividend payment by 4.9% over the last three years and has increased its dividend every year for the last 1 years.
Blackstone / GSO Strategic Credit Fund stock traded up $0.10 during mid-day trading on Tuesday, reaching $12.10. The company’s stock had a trading volume of 145,639 shares, compared to its average volume of 231,698. Blackstone / GSO Strategic Credit Fund has a 12 month low of $7.91 and a 12 month high of $14.99. The business’s 50 day simple moving average is $11.91 and its 200 day simple moving average is $11.37.
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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