Blackstone's BGB fund declares $0.09 dividend, yielding 8.83%, payable March 31.

Blackstone Strategic Credit 2027 Term Fund (BGB) announced a dividend of $0.09 per share, payable on March 31 to shareholders on record as of March 25. The dividend yields 8.83%. BGB has increased its dividend by an average of 7.2% annually over the past three years. The stock closed at $12.06 on March 24, down $0.03. Managed by GSO/Blackstone, the fund invests in loans and fixed-income instruments.