BXSL dividend yield – Blackstone Secured Lending Fund Outperforms Again, Dividend Upside on the Horizon
May 27, 2023
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Blackstone Secured Lending ($NYSE:BXSL) Fund (BXSL) has once again exceeded expectations in the latest quarter, outperforming the major stock indices. The fund provides investors with a secure and reliable income stream as well as potential dividend upside. BXSL is a closed-end fund managed by Blackstone, one of the world’s leading investment firms. The fund focuses on real estate-backed investments, seeking to generate returns from a diversified portfolio of residential mortgage-backed securities, commercial mortgage-backed securities, and other related investments.
As such, investors looking for a reliable income stream may want to consider adding BXSL to their portfolio. With a track record of strong performance and potential dividend upside, the fund could be an attractive option for those looking for a secure and reliable source of income.
Dividends – BXSL dividend yield
The BLACKSTONE SECURED LENDING FUND has outperformed again, with its annual dividend per share rising from 2.43 USD to 2.26 USD over the last two years. This has resulted in a dividend yield of 9.88% for 2022, and 8.92% for 2023, giving an average dividend yield of 9.4%. This makes the BLACKSTONE SECURED LENDING FUND an attractive option for those looking for dividend stocks. Therefore, it is worth considering if you are looking to maximize your income potential.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BXSL. More…
| Total Revenues | Net Income | Net Margin |
| 420.67 | 436.11 | 103.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BXSL. More…
| Operations | Investing | Financing |
| 847.98 | – | -892.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BXSL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.85k | 5.66k | 26.1 |
Key Ratios Snapshot
Some of the financial key ratios for BXSL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.6% | – | – |
| FCF Margin | ROE | ROA |
| 201.6% | 6.6% | 2.8% |
Stock Price
Friday was a good day for investors in BLACKSTONE SECURED LENDING FUND, as the stock opened at $25.5 and closed at $25.6, up by a modest 0.5% from the previous closing price. This marks a continuation of the fund’s recent success, having outperformed its peers for the last three months. Those who have invested in this fund are likely to be pleased with their returns so far. Live Quote…
Analysis – BXSL Intrinsic Value
At GoodWhale, we believe that analyzing a company’s fundamentals is an important step when making an investment decision. We used our proprietary Valuation Line to determine the intrinsic value of BLACKSTONE SECURED LENDING FUND (BSLF). After calculating the share’s underlying value, we found that the intrinsic value of a BSLF share is around $26.8. However, BSLF stock is currently trading at a price of $25.6 – which means it’s undervalued by 4.4%. This presents an opportunity for investors looking for a fair deal. More…
Peers
The competition between Blackstone Secured Lending Fund and its competitors, Princeton Capital Corp, OFS Capital Corp, and Franklin BSP Lending Corp, is intense as each strives to provide the best lending services to their clients. All four companies have a long history in the lending industry, and each has its own unique approach to the business. As such, the competition for market share is fierce, with each company looking for an edge over its rivals.
– Princeton Capital Corp ($OTCPK:PIAC)
Princeton Capital Corp is a financial services company that provides investment and asset management services. As of 2022, its market capitalization was 42.17 million, reflecting its financial strength and market presence. Furthermore, its return on equity (ROE) was 12.71%, indicating that the company has been able to use its resources efficiently to generate higher returns. Princeton Capital Corp has been able to consistently generate healthy returns, making it an attractive option for investors.
– OFS Capital Corp ($NASDAQ:OFS)
OFS Capital Corp is a closed-end investment company that specializes in providing customized financing solutions to mid-market companies. The company’s market capitalization as of 2022 is 146.52M, making it a mid-sized entity in the investment sector. Its Return on Equity (ROE) of 2.34% indicates a healthy financial performance, as it is above the industry average. The company provides capital to businesses in need of financing to support their growth plans, and also invests in debt securities of such companies. OFS Capital Corp’s mission is to generate attractive risk-adjusted returns by investing in high quality middle market companies.
– Franklin BSP Lending Corp ($OTCPK:BDVC)
Franklin BSP Lending Corp is a financial services company that specializes in providing consumer loans, mortgages, and other types of banking services. As of 2022, the company has a market cap of 1.29B and a Return on Equity of 4.33%. This market cap is an indication of the company’s value and strength in the market, while the Return on Equity shows how successful the company is at generating profits from its investments. The company has been successful in the past and is looking to continue its growth in the future.
Summary
BXSL is a closed-end fund that specializes in commercial loan investments, which have low correlation with equity markets and provide stability during market downturns. BXSL’s assets are diversified, well protected, and generate positive cash flow, with net interest income making up a substantial portion of its revenue. The fund also has a strong dividend track record, with dividends paid out twice annually. With BXSL’s strong fundamentals and attractive dividend yield, investors can look forward to solid returns in the long run.
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