BXSL Stock Recent News

I maintain a hold rating on Blackstone Secured Lending Fund due to economic uncertainties and potential lower base rates impacting dividend coverage and share price. Despite strong fundamentals, BXSL's net investment income and yield have declined, and investment commitments and fundings have dropped below $1 billion. BXSL's robust liquidity, investment-grade balance sheet, and high first-lien exposure support maintaining the current $0.77 dividend in the near to medium-term.

Focusing on downside protection is crucial; unrealized gains can evaporate, making diversified income stocks with meaningful yields essential for retail investors. Blackstone Secured Lending offers a 10.4% yield with a portfolio of first-lien, sponsor-backed loans, a strong balance sheet, and reliable dividend coverage. Energy Transfer provides a 7.6% yield with fee-based midstream operations, strategic infrastructure assets, and well-covered, growing distributions, insulated from commodity price swings.

Blackstone Secured Lending Fund is a top BDC for passive income, offering high credit quality, stable NAV, and strong net investment income growth. BXSL's portfolio is 98% First Lien debt, with a low non-accrual ratio of 0.1%, the lowest in its peer group. The BDC has a safe dividend with a 93% payout ratio, supported by robust interest income and consistent new investment fundings.

Blue-chip high yields are often looked to for stable and attractive passive income and total returns. However, several of these are on increasingly shaky footing right now. I detail why and share some examples in the article.

These 10% yielders combine safety, growth, and big upside potential—perfect for living off dividends in retirement. Both are fully covering their dividends with cash flow and trade at attractive valuations—grab them while they're cheap. We also look at the risks facing each of them.

Blackstone Secured Lending Fund (NYSE:BXSL ) Q1 2025 Earnings Conference Call May 7, 2025 9:30 AM ET Company Participants Justin Farshidi - Principal, Blackstone Credit and Insurance Brad Marshall - Chairman and Co-Chief Executive Officer Jonathan Bock - Co-Chief Executive Officer Carlos Whitaker - President Teddy Desloge - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Melissa Wedel - JPMorgan Paul Johnson - KBW Maxwell Fritzsche - Truist Operator Welcome to the Blackstone Secured Lending First Quarter 2025 Earnings Call. [Operator Instructions].

While the top- and bottom-line numbers for Blackstone Secured Lending Fund (BXSL) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.87 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE: BXSL or the “Company”) today reported its first quarter 2025 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “Despite recent market volatility, BXSL reported another strong quarter with net investment income per share of $0.83, covering our dividend at 108%. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.2% first lien senior secure.

Market volatility and higher interest rates make BDCs attractive for income investors, with Bain Capital Specialty Finance and Carlyle Secured Lending offering strong dividend coverage and potential upside. Bain Capital Specialty Finance shows solid portfolio growth, strong dividend coverage, and a favorable P/NAV ratio, despite slight declines in net investment income and top-line revenue. Carlyle Secured Lending, despite recent declines, offers a compelling P/NAV ratio, solid liquidity, and strong dividend coverage, bolstered by a recent merger and investment-grade credit ratings.