Blackstone Secured Lending: My Favorite BDC Right Now

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Summary

  • 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.
  • Despite a slight premium to NAV, BXSL's high portfolio quality and dividend safety make it my favorite BDC for passive income investors.

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We Are

Blackstone Secured Lending Fund (NYSE:BXSL) is a solid BDC investment for passive income investors that are prioritizing net asset value stability, growth in net investment income, a safe dividend as judged by the BDC’s dividend pay-out ratio and high

This article was written by

14.99K Followers
A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BXSL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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