BXSL is a 'Buy' for income-focused investors despite rate cuts on the horizon, with September largely expected to see the first cut. This BDC consists primarily of first-lien senior secured debt, with an overwhelming majority of the portfolio in floating rates. Even with rate cuts coming up, the dividend coverage here is strong, and that puts them in a good position to maintain the payout going forward.
Dividend investing can be rewarding with compounding, and high-yield picks can give you a head start. Blackstone Secured Lending offers 10.3% yield, a conservative portfolio, and NAV/share growth potential. Imperial Brands shows resilience with pricing power, NGP growth, and 6.7% yield, making it a bargain with market-beating potential.
Investing in the stock market is all about making money.
Consistent, high-yield stocks are among my favorite investments. Their reliable payouts act like an ATM while helping shield my portfolio from a downturn.
Blackstone Secured Lending Fund (NYSE:BXSL ) Q2 2024 Earnings Conference Call August 7, 2024 9:30 AM ET Company Participants Stacy Wang - Head, Stakeholder Relations Brad Marshall - Chairman and Co-CEO Jonathan Bock - Co-CEO Teddy Desloge - CFO Carlos Whitaker - President Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Paul Johnson - KBW Mark Hughes - Truist Kenneth Lee - RBC Capital Markets Operator Good day and welcome to the Blackstone Secured Lending Second Quarter 2024 Investor Call. Today's conference is being recorded.
BDCs are experiencing a pullback in share prices due to recession fears as well as investor sentiment, creating buying opportunities for investors. Blackstone Secured Lending and Ares Capital are two high-quality BDCs that have seen their share price pullback recently and are now trading at attractive valuations. BXSL and ARCC have strong fundamentals, diversified portfolios, low leverage, and ample liquidity, making them solid long-term investments for income-focused investors.
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.06 per share a year ago.
Markets experienced a rotation out of tech stocks, IT departments panicked due to cybersecurity bug, S&P 500 closed down -2.41%. Dividend Harvesting Portfolio saw record-breaking week, generated $33.49 in dividend income, ROI of 17.49% on invested capital. Portfolio composition includes equities, ETFs, REITs, CEFs, and BDCs, with individual equities representing 38.63% of the portfolio.