Home Dividends Analysis Dividend Ideas Financials  Summary Morgan Stanley Direct Lending offers an 11.9% yield and trades at a 25% discount to NAV, presenting a compelling value opportunity. MSDL’s conservatively managed, diversified portfolio is 94% first-lien, with strong alignment from Morgan Stanley’s 11% ownership. Growth drivers include the Capstone joint venture, improving direct lending spreads, and a recovering sponsor-backed M&A environment. I maintain a 'Strong Buy' on MSDL, citing robust dividend coverage, shareholder-friendly buybacks, and attractive risk-adjusted returns. Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More » ISerg/iStock via Getty Images The market as a whole has remained resilient since going through an initial oil shock a couple of months ago.…