Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX) Declares Monthly Dividend of $0.10

Blackstone / GSO Long-Short Credit Income Fund (NYSE:BGX – Get Rating) declared a monthly dividend on Thursday, March 16th, Wall Street Journal reports. Investors of record on Tuesday, May 23rd will be given a dividend of 0.099 per share on Wednesday, May 31st. This represents a $1.19 annualized dividend and a yield of 11.06%. The ex-dividend date of this dividend is Monday, May 22nd.

Blackstone / GSO Long-Short Credit Income Fund has decreased its dividend by an average of 11.0% annually over the last three years.

Blackstone / GSO Long-Short Credit Income Fund Stock Performance

BGX opened at $10.74 on Friday. Blackstone / GSO Long-Short Credit Income Fund has a 12 month low of $10.58 and a 12 month high of $13.74. The business has a 50-day moving average of $11.38 and a two-hundred day moving average of $11.19.

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 purchased a new position in shares of Blackstone / GSO Long-Short Credit Income Fund in the 1st quarter worth $651,000. UBS Group AG raised its holdings in Blackstone / GSO Long-Short Credit Income Fund by 1.2% in the first quarter. UBS Group AG now owns 122,726 shares of the company’s stock valued at $1,650,000 after buying 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 valued at $3,102,000. Robinson Capital Management LLC lifted its holdings in shares of Blackstone / GSO Long-Short Credit Income Fund by 267.6% during the 1st quarter. Robinson Capital Management LLC now owns 37,355 shares of the company’s stock valued at $510,000 after acquiring an additional 27,192 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in 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 Long-Short Credit Income Fund is a diversified and closed-end investment management company. It engages in the provision of current income and capital appreciation. The firm involves in employing long-short strategy positions in a diversified portfolio of loans and fixed income instruments.