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12.7% Yield And Deep NAV Discount: Examining Blackstone Secured Lending's Dividend Sustainability
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12.7% Yield And Deep NAV Discount: Examining Blackstone Secured Lending's Dividend Sustainability

Seeking Alpha·Samuel Smith·24 days ago
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Home Dividends Analysis Dividend Ideas Financials  Summary Blackstone Secured Lending offers a high 12.7% yield backed by a conservative portfolio and Blackstone’s proven credit expertise. BXSL also trades at a substantial discount to NAV. However, the recent jump in non-accruals and looming AI disruption risk are putting a fresh spotlight on the sustainability of the dividend. We take a fresh look at the company and share our thoughts on the sustainability of the dividend. Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More » Lucky7trader/iStock via Getty Images I last covered Blackstone Secured Lending ( BXSL ) about four weeks ago. At the time, it traded at a 13.3% dividend yield and a 14% discount to net asset value, both of which signaled significant value relative to its historical norms.…

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