BGX Ex-Dividend Reminder - 10/16/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, BLACKSTONE/GSO Long Short Credit (BGX) will trade ex-dividend, for its monthly dividend of $0.108, payable on 10/31/13. As a percentage of BGX's recent stock price of $17.74, this dividend works out to approximately 0.61%, so look for shares of BLACKSTONE/GSO Long Short Credit to trade 0.61% lower — all else being equal — when BGX shares open for trading on 10/16/13.

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Below is a dividend history chart for BGX, showing historical dividends prior to the most recent $0.108 declared by BLACKSTONE/GSO Long Short Credit:

BGX+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 BGX is likely to continue, and whether the current estimated yield of 7.31% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of BGX shares, versus its 200 day moving average:

BLACKSTONE/GSO Long Short Credit 200 Day Moving Average Chart

Looking at the chart above, BGX's low point in its 52 week range is $17.55 per share, with $20.03 as the 52 week high point — that compares with a last trade of $17.74.
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In Monday trading, BLACKSTONE/GSO Long Short Credit shares are currently down about 0.5% on the day.

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