Market volatility offers dividend investors a chance to buy high-quality BDCs like Blackstone Secured Lending and Morgan Stanley Direct Lending at attractive prices. Despite recession fears, BXSL and MSDL's strong fundamentals, low non-performing loans, and robust liquidity make them appealing investment opportunities. BXSL's $28 price and MSDL's discount to NAV present attractive entry points, backed by well-known asset managers and growth-focused strategies.
Blackstone Secured Lending Fund (BXSL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
High-yield dividend stocks are becoming even more compelling as market volatility increases.
Blackstone Secured Lending Fund (BXSL) Q4 2024 Earnings Call Transcript
The headline numbers for Blackstone Secured Lending Fund (BXSL) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.96 per share a year ago.
BXSL: World-Class BDC With A Great Yield
BXSL and MSDL are both defensive BDCs with a focus on first-lien debt, sharing several similarities. MSDL's valuation is more attractive compared to BXSL, trading closer to its NAV, making it a better value investment with a slightly higher regular dividend yield. I own both BDCs, but despite BXSL's solid performance, I see a greater risk-to-reward ratio in MSDL and will continue reinvesting in it.
The Dividend Harvesting Portfolio has grown to $25,924.57 with a 27.08% return on invested capital and is on track to exceed $2,000 in forward dividend income soon. Recent additions include BP, Verizon, and Blackstone Secured Lending Fund, each chosen for their strong dividend yields and potential for capital appreciation. The portfolio is well-diversified, with individual equities representing 38.44% and generating 27.49% of dividend income, while REITs, ETFs, CEFs, and BDCs make up the rest.
Two 10%+ Yields For Durable Passive Income (One Is My Favorite Pick)
BXSL and GBDC are popular high-yield stocks for retirees. I compare them side-by-side. I share why I think GBDC is the clear winner.
The financial outlook for many BDCs is not promising. Already lower base rates will continue to depress results in Q4 reports. The trajectory for SOFR is not great either.