Cash Dividend On The Way From Blackstone/GSO Strategic Credit Fund (BGB)

Looking at the universe of stocks we cover at Dividend Channel, on 8/15/13, Blackstone/GSO Strategic Credit Fund ( BGB) will trade ex-dividend, for its monthly dividend of $0.117, payable on 8/30/13. As a percentage of BGB's recent stock price of $18.17, this dividend works out to approximately 0.64%, so look for shares of Blackstone/GSO Strategic Credit Fund to trade 0.64% lower — all else being equal — when BGB shares open for trading on 8/15/13.

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Below is a dividend history chart for BGB, showing historical dividends prior to the most recent $0.117 declared by Blackstone/GSO Strategic Credit Fund:

BGB+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from BGB is likely to continue, and whether the current estimated yield of 7.73% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Blackstone/GSO Strategic Credit Fund shares are currently down about 0.5% on the day.
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