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BGB CEF — Blackstone Strategic Credit 2027 Term Fund

Blackstone Strategic Credit 2027 Term Fund (BGB)

Updated November 12, 2026.

Verdict as of November 12, 2026 close

BGB's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (77/100, medium confidence). It pays monthly and its distribution rate is 7.98%. The latest total cash payment per current share, $0.074 with an ex-date of October 23, 2026, was unchanged from the previous payment.

Sources: Blackstone, Section 19a-1 notices, scoring methodology.

BGB is a CEF. Its distribution rate is 7.98%, its trailing-12-month yield is 8.28%, its expense ratio is 2.3504%. Dividend Vision Distribution Safety Score™ is 77/100 (Generally safe). Total return is 83.6% over the past 14.1 years, 488.1 points behind SPY at 571.7%.

At the current 7.98% distribution rate, a $10,000 investment would generate approximately $798 per year, or $66.50 per month.

BGB dividend yield and income

Price as of 2026-11-12.

The distribution rate (7.98%) uses latest regular dividend ($0.074) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Trailing-12-month yield (8.28%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.074. The ex-dividend date is 11/20/2026. The payment date is 11/30/2026. At the current 7.98% distribution rate, a $10,000 investment would generate approximately $798 per year, or $66.50 per month.

Recorded distribution timeline (167)
Ex-dateAmountChange from previous payment
2026-10-23$0.0740.0%
Total cash (unclassified)
2026-09-23$0.074-2.6%
Total cash (unclassified)
2026-08-24$0.0760.0%
Total cash (unclassified)
2026-07-24$0.0760.0%
Total cash (unclassified)
2026-06-23$0.076-3.8%
Total cash (unclassified)
2026-05-21$0.0790.0%
Total cash (unclassified)
2026-04-23$0.0790.0%
Total cash (unclassified)
2026-03-24$0.0792.6%
Total cash (unclassified)
2026-02-20$0.077N/A
2025-12-31$0.077N/A
2025-12-23$0.077-1.3%
Total cash (unclassified)
2025-11-20$0.0780.0%
Total cash (unclassified)
2025-10-24$0.0780.0%
Total cash (unclassified)
2025-09-23$0.078-12.4%
Total cash (unclassified)
2025-08-22$0.0890.0%
Total cash (unclassified)
2025-07-24$0.0890.0%
Total cash (unclassified)
2025-06-23$0.0890.0%
Total cash (unclassified)
2025-05-22$0.0890.0%
Total cash (unclassified)
2025-04-23$0.0890.0%
Total cash (unclassified)
2025-03-24$0.089N/A
2025-02-21$0.089N/A
2024-12-23$0.17891.4%
Total cash (unclassified)
2024-11-21$0.0930.0%
Total cash (unclassified)
2024-10-24$0.0930.0%
Total cash (unclassified)
2024-09-23$0.093-7.9%
Total cash (unclassified)
2024-08-23$0.1010.0%
Total cash (unclassified)
2024-07-24$0.1010.0%
Total cash (unclassified)
2024-06-21$0.1018.6%
Total cash (unclassified)
2024-05-22$0.0930.0%
Total cash (unclassified)
2024-04-22$0.0930.0%
Total cash (unclassified)
2024-03-20$0.093N/A
2024-02-21$0.094N/A
2023-12-28$0.094N/A
2023-12-20$0.094-7.8%
Total cash (unclassified)
2023-11-21$0.1020.0%
Total cash (unclassified)
2023-10-23$0.1020.0%
Total cash (unclassified)
2023-09-21$0.1028.5%
Total cash (unclassified)
2023-08-23$0.0940.0%
Total cash (unclassified)
2023-07-21$0.0940.0%
Total cash (unclassified)
2023-06-22$0.0946.8%
Total cash (unclassified)
2023-05-22$0.0880.0%
Total cash (unclassified)
2023-04-20$0.0880.0%
Total cash (unclassified)
2023-03-23$0.0883.5%
Total cash (unclassified)
2023-02-17$0.0850.0%
Total cash (unclassified)
2023-01-23$0.0850.0%
Total cash (unclassified)
2022-12-21$0.08510.4%
Total cash (unclassified)
2022-11-21$0.0770.0%
Total cash (unclassified)
2022-10-21$0.0770.0%
Total cash (unclassified)
2022-09-22$0.07714.9%
Total cash (unclassified)
2022-08-23$0.0670.0%
Total cash (unclassified)
2022-07-21$0.0670.0%
Total cash (unclassified)
2022-06-22$0.0673.1%
Total cash (unclassified)
2022-05-20$0.0650.0%
Total cash (unclassified)
2022-04-21$0.0650.0%
Total cash (unclassified)
2022-03-23$0.065-1.5%
Total cash (unclassified)
2022-02-17$0.066N/A
2021-12-30$0.11N/A
2021-12-22$0.066-8.3%
Total cash (unclassified)
2021-11-19$0.0720.0%
Total cash (unclassified)
2021-10-21$0.0720.0%
Total cash (unclassified)
2021-09-22$0.0720.0%
Total cash (unclassified)
2021-08-23$0.0720.0%
Total cash (unclassified)
2021-07-22$0.0720.0%
Total cash (unclassified)
2021-06-22$0.0721.4%
Total cash (unclassified)
2021-05-20$0.0710.0%
Total cash (unclassified)
2021-04-22$0.0710.0%
Total cash (unclassified)
2021-03-23$0.071-2.7%
Total cash (unclassified)
2021-02-18$0.073N/A
2020-12-30$0.089N/A
2020-12-22$0.073-8.8%
Total cash (unclassified)
2020-11-19$0.080.0%
Total cash (unclassified)
2020-10-22$0.080.0%
Total cash (unclassified)
2020-09-22$0.08-14.9%
Total cash (unclassified)
2020-08-21$0.0940.0%
Total cash (unclassified)
2020-07-23$0.0940.0%
Total cash (unclassified)
2020-06-22$0.094-7.8%
Total cash (unclassified)
2020-05-20$0.1020.0%
Total cash (unclassified)
2020-04-22$0.1020.0%
Total cash (unclassified)
2020-03-23$0.102-2.9%
Total cash (unclassified)
2020-02-20$0.105N/A
2019-12-30$0.12N/A
2019-12-20$0.105-5.4%
Total cash (unclassified)
2019-11-21$0.1110.0%
Total cash (unclassified)
2019-10-23$0.1110.0%
Total cash (unclassified)
2019-09-20$0.111-2.6%
Total cash (unclassified)
2019-08-22$0.1140.0%
Total cash (unclassified)
2019-07-23$0.1140.0%
Total cash (unclassified)
2019-06-20$0.1144.6%
Total cash (unclassified)
2019-05-22$0.1090.0%
Total cash (unclassified)
2019-04-22$0.1090.0%
Total cash (unclassified)
2019-03-21$0.109N/A
2019-02-20$0.11N/A
2018-12-28$0.346N/A
2018-12-20$0.114.8%
Total cash (unclassified)
2018-11-21$0.1050.0%
Total cash (unclassified)
2018-10-23$0.1050.0%
Total cash (unclassified)
2018-09-20$0.1050.0%
Total cash (unclassified)
2018-08-23$0.1050.0%
Total cash (unclassified)
2018-07-23$0.1050.0%
Total cash (unclassified)
2018-06-21$0.1050.0%
Total cash (unclassified)
2018-05-22$0.1050.0%
Total cash (unclassified)
2018-04-20$0.1050.0%
Total cash (unclassified)
2018-03-21$0.105N/A
2018-02-20$0.105N/A
2017-12-28$0.105N/A
2017-12-20$0.1050.0%
Total cash (unclassified)
2017-11-21$0.1050.0%
Total cash (unclassified)
2017-10-23$0.1050.0%
Total cash (unclassified)
2017-09-21$0.1050.0%
Total cash (unclassified)
2017-08-22$0.1050.0%
Total cash (unclassified)
2017-07-20$0.1050.0%
Total cash (unclassified)
2017-06-21$0.1050.0%
Total cash (unclassified)
2017-05-19$0.1050.0%
Total cash (unclassified)
2017-04-19$0.1050.0%
Total cash (unclassified)
2017-03-22$0.1050.0%
Total cash (unclassified)
2017-02-16$0.105N/A
2016-12-28$0.189N/A
2016-12-20$0.1050.0%
Total cash (unclassified)
2016-11-18$0.1050.0%
Total cash (unclassified)
2016-10-20$0.1050.0%
Total cash (unclassified)
2016-09-21$0.1050.0%
Total cash (unclassified)
2016-08-22$0.1050.0%
Total cash (unclassified)
2016-07-20$0.1050.0%
Total cash (unclassified)
2016-06-21$0.1050.0%
Total cash (unclassified)
2016-05-19$0.1050.0%
Total cash (unclassified)
2016-04-20$0.1050.0%
Total cash (unclassified)
2016-03-21$0.1050.0%
Total cash (unclassified)
2016-02-18$0.105N/A
2015-12-29$0.105N/A
2015-12-21$0.1050.0%
Total cash (unclassified)
2015-11-18$0.1050.0%
Total cash (unclassified)
2015-10-21$0.1050.0%
Total cash (unclassified)
2015-09-21$0.1050.0%
Total cash (unclassified)
2015-08-20$0.1050.0%
Total cash (unclassified)
2015-07-22$0.1050.0%
Total cash (unclassified)
2015-06-19$0.1050.0%
Total cash (unclassified)
2015-05-19$0.1050.0%
Total cash (unclassified)
2015-04-21$0.1050.0%
Total cash (unclassified)
2015-03-20$0.1050.0%
Total cash (unclassified)
2015-02-18$0.1050.0%
Total cash (unclassified)
2015-01-21$0.1050.0%
Total cash (unclassified)
2014-12-19$0.1050.0%
Total cash (unclassified)
2014-11-18$0.1050.0%
Total cash (unclassified)
2014-10-22$0.1050.0%
Total cash (unclassified)
2014-09-19$0.1050.0%
Total cash (unclassified)
2014-08-20$0.1050.0%
Total cash (unclassified)
2014-07-22$0.1050.0%
Total cash (unclassified)
2014-06-19$0.1050.0%
Total cash (unclassified)
2014-05-20$0.1050.0%
Total cash (unclassified)
2014-04-21$0.1050.0%
Total cash (unclassified)
2014-03-20$0.105-10.3%
Total cash (unclassified)
2014-02-19$0.1170.0%
Total cash (unclassified)
2014-01-22$0.1170.0%
Total cash (unclassified)
2013-12-19$0.1170.0%
Total cash (unclassified)
2013-11-14$0.1170.0%
Total cash (unclassified)
2013-10-16$0.1170.0%
Total cash (unclassified)
2013-09-18$0.1170.0%
Total cash (unclassified)
2013-08-15$0.1170.0%
Total cash (unclassified)
2013-07-16$0.1170.0%
Total cash (unclassified)
2013-06-13$0.1170.0%
Total cash (unclassified)
2013-05-15$0.1170.0%
Total cash (unclassified)
2013-04-17$0.1170.0%
Total cash (unclassified)
2013-03-14$0.1170.0%
Total cash (unclassified)
2013-02-13$0.1170.0%
Total cash (unclassified)
2013-01-16$0.1170.0%
Total cash (unclassified)
2012-12-14$0.1170.0%
Total cash (unclassified)
2012-11-15$0.117—
2012 total (partial launch year)$0.234—
2013 total$1.404—
2014 total$1.284-8.5%
2015 total$1.3656.3%
2016 total$1.344-1.5%
2017 total$1.26-6.3%
2018 total$1.50619.5%
2019 total$1.337-11.2%
2020 total$1.095-18.1%
2021 total$0.894-18.4%
2022 total$0.778-13.0%
2023 total$1.2155.5%
2024 total$1.133-6.4%
2025 total$1.011-10.8%
2026 YTD total$0.69-11.4% vs prior-year YTD

BGB dividend growth

Trailing-12-month distributions versus the preceding 12 months changed -12.2%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -11.65%.

TTM income vs TTM N years earlier
WindowChange
1Y-12.2%
3Y-14.8%
5Y3.8%
10Y-26.8%

BGB holdings and sector exposure

The top 10 holdings are 13.7% of the fund.

TickerNameWeight
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%
—Gigamon, Inc., First Lien Initial1.37%

To see how this fund's sectors add up across your own holdings, use True Exposure.

BGB performance versus SPY

Total return is 83.6% over the past 14.1 years, 488.1 points behind SPY at 571.7%. Over the past year its total return — price change plus distributions reinvested — is 1.7%. Its deepest 1-year drawdown was 7.2%.

WindowTotal returnCAGR
1M1.0%—
3M0.5%—
6M1.2%—
YTD0.4%—
1Y1.7%—
2Y CAGR—3.40%
3Y CAGR—9.90%
5Y CAGR—4.30%
10Y CAGR—6.30%
Since inception 2012-09-26 · 14.1 years83.6%4.40%

BGB key facts

Distribution Safety Score™
77 · Generally safe
Safety-Adjusted Yield
6.14%
Issuer
Blackstone
Asset type
CEF
Asset class
Fixed Income
Inception date
09/26/2012
Expense ratio
2.3504%
Distribution rate
7.98%
Distribution frequency
Monthly
Trailing yield
8.28%
5-year average yield
8.56
Last close
$11.13 (as of 2026-11-12)
NAV
$11.97; NAV date unknown
Premium / discount
Premium not shown · NAV date unknown
AUM
$24,320,000
Average volume
157,291
Dividend
$0.074
Ex-dividend date
11/20/2026
Payment date
11/30/2026

How Dividend Vision calculates yield and returns

Distribution rate (7.98%) uses latest regular dividend ($0.074) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (8.28%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Blackstone; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BGB risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.2%.

Who may consider BGB — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BGB

Tagged: CEF, Credit, Fixed Income.

Frequently asked questions

Does BGB pay monthly?

Yes. BGB currently pays monthly.

What is BGB's expense ratio?

BGB's expense ratio is 2.3504%.

What is BGB's dividend yield?

BGB's distribution rate is 7.98%, paid monthly, with a 2.3504% expense ratio — latest regular dividend ($0.074) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included.

How has BGB's dividend grown?

Trailing-12-month distributions versus the preceding 12 months changed -12.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.

When does BGB pay a dividend?

BGB pays monthly. The dividend amount is $0.074. The ex-dividend date is 11/20/2026. The payment date is 11/30/2026.

How has BGB performed?

Total return is 83.6% over the past 14.1 years, 488.1 points behind SPY at 571.7%. Over the past year its total return — price change plus distributions reinvested — is 1.7%. Its deepest 1-year drawdown was 7.2%.

Is BGB a good investment?

BGB's Dividend Vision Distribution Safety Score is 77 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 7.98% (latest regular dividend ($0.074) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included). Compare peers below rather than treating any single figure as a buy or sell.

More securities from Blackstone.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.