BXSL Stock Recent News

Blackstone Secured Lending runs a high-quality portfolio with low leverage, solid assets, and a low cost of capital. This BDC's focus on Senior Lien secured loans should provide safe harbor in economic storms, and management is using a conservative amount of leverage. Despite these advantages, BXSL's premium to Fair Value and exposure to floating rate debt make it a suboptimal choice as we sit on the precipice of a rate cut cycle.

The Federal Reserve said that it only expects to cut rates once in FY 2024, resulting in a higher-for-longer rate world. Blackstone Secured Lending therefore benefits from its variable rate loan strategy. The dividend has been well-covered with NII. A low non-accrual percentage is a distinguishing feature of BXSL.

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.93 per share a year ago.

Dividends are a great way to fund a retirement. Equity REITs and BDCs are popular choices for retirees seeking dividend income due to their attractive yields and stable cash flows. We compare REITs and BDCs, and share which we think is the better choice for retiring with dividends in April 2024.

BDCs underperformed the broader income market due to worse-than-expected results from companies such as HRZN, TCPC, and FSK. The reinvigorated bank lending picture is squeezing out direct lenders like BDCs, with banks regaining lost ground. We take a look at results from BXSL and HRZN.

Blackstone Secured Lending Fund (BXSL) Q4 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company”) announced today that it will host its fourth quarter and full year 2023 investor conference call via public webcast on February 28, 2024 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 28, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1654639&tp_key=d2cf505449 For those unabl.

I recently added to my Quality Income portfolio BXSL position based on the BDC's outstanding performance and latest earnings details.

I discuss reader feedback and suggestions regarding the author's daily stock lists and dividend investing strategies. I also address criticisms of preference for low-priced stocks and the debate over whether a $1k investment should exceed the single-share price. Included is a list of the top 10 ReFa/Ro stocks for potential gains in the coming year based on analyst target prices.

Blackstone Secured Lending Fund focuses on first-lien senior secured loans in low-default sectors. Blackstone Secured Lending reported a significant growth in net investment income and net income in Q3 2023. The fund maintains a strong liquidity position and declared a Q4 2023 dividend of $0.77 per share.