Blackstone Secured Lending Fund (NYSE:BXSL) Shareholders to Receive $0.60 Quarterly Dividend

Blackstone Secured Lending Fund (NYSE:BXSL) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $0.60 per share on Friday, April 23rd. This represents a $2.40 annualized dividend and a yield of 10.0%. The ex-dividend date is Wednesday, March 31st. This is a 22.1% decrease from Blackstone Secured Lending Fund’s previous quarterly dividend of $0.77.

Blackstone Secured Lending Fund has a dividend payout ratio of 101.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Blackstone Secured Lending Fund to earn $2.58 per share next year, which means the company may not be able to cover its $3.08 annual dividend with an expected future payout ratio of 119.4%.

Blackstone Secured Lending Fund Stock Up 2.9%

Shares of BXSL opened at $23.90 on Thursday. The company has a 50 day moving average of $24.14 and a two-hundred day moving average of $24.12. Blackstone Secured Lending Fund has a twelve month low of $22.47 and a twelve month high of $28.59. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 18.82 and a beta of 0.39.

Blackstone Secured Lending Fund (NYSE:BXSL) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $315.18 million for the quarter, compared to analyst estimates of $317.81 million. Blackstone Secured Lending Fund had a return on equity of 11.86% and a net margin of 21.51%. On average, sell-side analysts expect that Blackstone Secured Lending Fund will post 2.85 EPS for the current year.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund (NYSE: BXSL) is a business development company that invests in privately owned middle-market companies. The fund seeks to generate current income and long-term capital appreciation primarily through investments in senior secured, floating-rate loans.

BXSL’s portfolio may also include second-lien loans, unsecured debt and equity investments. Its investments are generally made in companies across a range of industries, with an emphasis on businesses that have established operations and cash flows.