2024-04-07 12:07:51 ET
Summary
- Blackstone Secured Lending makes a strong value proposition for dividend investors.
- BXSL's first lien strategy and stringent risk management have resulted in high loan quality and confidence in net investment income.
- BXSL has seen significant growth in interest income and net investment income in FY 2023.
- Shares trade at a deserved premium to NAV.
Blackstone Secured Lending ( BXSL ) convinces with its strong net investment income trajectory, a low pay-out ratio, top loan quality, a growing net asset value as well as a commitment to raising the quarterly dividend. Although I am not chiefly a BDC investor, I believe Blackstone Secured Lending makes a very strong value proposition for dividend investors as the portfolio is centered around a first lien strategy and portfolio quality is exemplary. At the same time, Blackstone Secured Lending trades at a reasonable premium to net asset value and the dividend is very well-supported by net investment income!...
Read the full article on Seeking Alpha
For further details see:
Blackstone Secured Lending: Boost Your Cash Flow With This 10% Yield