Blackstone Secured Lending: A 10% Yielding BDC Cash Cow
BXBlackstone(BX) Seeking Alpha·2024-09-07 15:37
beckariuz Blackstone Secured Lending (NYSE:BXSL) is a top BDC choice for income investors that value a high-quality, well-performing investment portfolio and a highly secure 10% yield. Blackstone Secured Lending suffered only a minor decline in its balance sheet quality in the second-quarter and supported its dividend well with net investment income. Shares of Blackstone Secured Lending are trading, deservedly, at an 11% premium to net asset value and I see a risk profile that is heavily skewed to the u ...