On June 4th, 2018 I bought 440 shares of Blackstone/GSO Loan Financing Ltd (LON:BGLF ) at EUR 0.915 per share. With its quarterly dividend of 0.025 euro cents per share, this latest buy has a dividend yield of 10.92% and will pay EUR 11 every quarter. Awesome! Right now this stock is with the highest yield in my European portfolio.
This latest stock buy is my third purchase of European stock (excluding the Baltic stocks). Here are my two other stocks I have acquired recently:
As I'm still lacking enough funds in my brokerage account to buy US stocks, I keep investing small bits across European stocks. If all will work out good - this should be my last purchase of European stock this year as for the rest of the year I will focus on US stocks.
BGLF stock has dividend payments in February, May, August, and November. Which is cool, as most of these months (except May) are the lowest for my dividend income. This February was among the lowest dividend income month's this year, barely reaching $60. Now with adding BGLF stock, I'm looking on much better February 2019.
For the rest of the year, I'm looking to get an EUR 22 (USD 25.73 ) from this stock, which is about 2.1% from my $1,200 goal for 2018.
About BGLF / Blackstone/GSO Loan Financing
BGLF’s (the “Company”) investment objective is to provide shareholders with stable and growing income returns and to grow the capital value of its investment portfolio by exposure predominantly to European and US floating rate senior secured loans, both directly and indirectly. The Company achieves its investment objective solely through its investment in Blackstone / GSO Corporate Funding (“BGCF”)1, which is an investor in global floating rate senior secured loans. BGCF funds its investment in European and US loans using a variety of funding sources, including equity capital, its 3-year syndicated financing facility, notes issued to the Company, and non-recourse leverage obtained from retaining Income Notes in collateralized loan obligations(“CLOs”) that BGCF has established.