BGB (Blackstone Strategic Credit Fund) Dividend Payout Ratio : 0.82 (As of Jun. 2024)

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What is Blackstone Strategic Credit Fund Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Blackstone Strategic Credit Fund's Dividend Payout Ratio for the months ended in Jun. 2024 was 0.82.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Blackstone Strategic Credit Fund is 0.76, which seems too high.

The historical rank and industry rank for Blackstone Strategic Credit Fund's Dividend Payout Ratio or its related term are showing as below:

BGB' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.67 Med: 0.93 Max: 26.98
Current: 0.76

During the past 7 years, the highest Dividend Payout Ratio of Blackstone Strategic Credit Fund was 26.98. The lowest was 0.67. And the median was 0.93.

BGB's Dividend Payout Ratio is ranked worse than
53.85% of 1012 companies
in the Asset Management industry
Industry Median: 0.7 vs BGB: 0.76

As of today (2024-11-28), the Dividend Yield % of Blackstone Strategic Credit Fund is 9.20%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Blackstone Strategic Credit Fund was 13.55%. The lowest was 6.20%. And the median was 8.08%.

Blackstone Strategic Credit Fund's Dividends per Share for the months ended in Jun. 2024 was $0.47.

During the past 12 months, Blackstone Strategic Credit Fund's average Dividends Per Share Growth Rate was 18.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -5.80% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Blackstone Strategic Credit Fund was 3.90% per year. The lowest was -16.20% per year. And the median was -8.75% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Blackstone Strategic Credit Fund Dividend Payout Ratio Historical Data

The historical data trend for Blackstone Strategic Credit Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackstone Strategic Credit Fund Dividend Payout Ratio Chart

Blackstone Strategic Credit Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.03

26.98

0.75

0.67

Blackstone Strategic Credit Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial									-	45.00	0.61	0.72	0.82

Competitive Comparison of Blackstone Strategic Credit Fund's Dividend Payout Ratio

For the Asset Management subindustry, Blackstone Strategic Credit Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blackstone Strategic Credit Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Strategic Credit Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Blackstone Strategic Credit Fund's Dividend Payout Ratio falls into.

Blackstone Strategic Credit Fund Dividend Payout Ratio Calculation

Blackstone Strategic Credit Fund's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.21	/	1.81
	=	0.67

Blackstone Strategic Credit Fund's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.474	/	0.58
	=	0.82

Blackstone Strategic Credit Fund (NYSE:BGB) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Blackstone Strategic Credit Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Blackstone Strategic Credit Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Blackstone Strategic Credit Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Strategic Credit Fund (NYSE:BGB) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

345 Park Avenue, 31st Floor, New York, NY, USA, 10154

Website

http://www.blackstone-credit.com

Blackstone Strategic Credit Fund is a closed-end term fund. Its primary investment objective is to seek high current income. The secondary objective of the fund is to seek the preservation of capital. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating-rate loans. The fund also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the Fund. The Fund has a limited term, and absent shareholder approval to extend the life of the Fund.

Executives

Gordon Mckemie	other: Portfolio Manager	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Valerie Naratil	officer: Public Relations Officer	345 PARK AVENUE, NEW YORK NY 10154
Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
William J Renahan	officer: Chief Compliance Officer	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Gregory Roppa	officer: CFO & Treasurer	601 LEXINGTON AVENUE, NEW YORK NY 10022
Jane Siebels	director	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Robert Post	other: Portfolio Manager	C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC, 345 PARK AVE 31ST FLOOR, NEW YORK NY 10154
Robert W Busch	officer: CFO & Treasurer	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOOR, NEW YORK NY 10019
Robert Zable	other: Portfolio Mngr,Mbr of Inv.Comm	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Voya Financial, Inc.	10 percent owner	230 PARK AVENUE, NEW YORK NY 10169
Lion Connecticut Holdings Inc.	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095
Ing Usa Annuity & Life Insurance Co	10 percent owner	699 WALNUT STREET, SUITE 1350, DE MOINES IA 50309-3942
Ing Life Insurance & Annuity Co	10 percent owner	ONE ORANGE WAY, WINDSOR CT 06095-4774
Sun Life Financial Inc	10 percent owner	SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6
Sun Life Assurance Co Of Canada	10 percent owner	ONE YORK STREET, TORONTO A6 M5J 0B6