Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Rating) declared a monthly dividend on Friday, June 10th, Wall Street Journal reports. Shareholders of record on Friday, July 22nd will be paid a dividend of 0.079 per share on Friday, July 29th. This represents a $0.95 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Thursday, July 21st.
Blackstone / GSO Long-Short Credit Income Fund has decreased its dividend payment by an average of 14.2% annually over the last three years.
Get Blackstone / GSO Long-Short Credit Income Fund alerts:Blackstone / GSO Long-Short Credit Income Fund Stock Down 1.1 %
BGX stock opened at $11.45 on Tuesday. Blackstone / GSO Long-Short Credit Income Fund has a 1 year low of $11.35 and a 1 year high of $15.59. The stock's 50 day moving average price is $11.89 and its 200 day moving average price is $13.11.
Institutional Investors Weigh In On Blackstone / GSO Long-Short Credit Income Fund
Several hedge funds have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Blackstone / GSO Long-Short Credit Income Fund during the 1st quarter worth $651,000. UBS Group AG grew its position in Blackstone / GSO Long-Short Credit Income Fund by 1.2% during the first quarter. UBS Group AG now owns 122,726 shares of the company's stock valued at $1,650,000 after acquiring an additional 1,447 shares during the period. Rivernorth Capital Management LLC purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter worth about $3,102,000. Robinson Capital Management LLC lifted its stake in shares of Blackstone / GSO Long-Short Credit Income Fund by 267.6% in the 1st quarter. Robinson Capital Management LLC now owns 37,355 shares of the company's stock valued at $510,000 after purchasing an additional 27,192 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 26.7% during the 1st quarter. Advisors Asset Management Inc. now owns 293,662 shares of the company's stock worth $3,947,000 after purchasing an additional 61,883 shares during the period.Blackstone / GSO Long-Short Credit Income Fund Company Profile
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Blackstone / GSO Long-Short Credit Income Fund is a close-ended fixed income mutual fund launched by The Blackstone Group LP. The fund is managed by GSO / Blackstone Debt Funds Management LLC. It takes both long and short positions to invest in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.
Further Reading
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