BXSL - Trinity Capital And Blackstone Secured Lending: Delivering Yield To Investors

2024-03-25 06:43:34 ET

Summary

• Trinity Capital and Blackstone Secured Lending Fund offer high dividend yields to investors while also showing strong dividend coverage.
• Trinity Capital focuses on venture investments and has shown strong portfolio performance after some stumbles.
• Blackstone Secured Lending Fund is a more traditional BDC with very low non-accruals.

Written by Nick Ackerman.

Trinity Capital ( TRIN ) and Blackstone Secured Lending Fund ( BXSL ) may not necessarily be business development companies ("BDCs") with long public lives. Nonetheless, they have been able to deliver high dividend yields to their investors. Not only are they paying high dividend yields, but those dividends are also well covered. Furthermore, both of these names have been able to grow their quarterly dividends since their IPOs....

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