Blackstone Secured Lending Fund (NYSE:BXSL) Stock to Pay Quarterly Dividend of $0.60

Blackstone Secured Lending Fund (NYSE:BXSL) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, March 31st will be given a dividend of $0.60 per share on Friday, April 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend 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. 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 Trading Up 2.9%

BXSL stock opened at $23.90 on Thursday. Blackstone Secured Lending Fund has a 12-month low of $22.47 and a 12-month high of $28.59. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 18.82 and a beta of 0.39. The business’s 50-day moving average is $24.14 and its 200 day moving average is $24.12.

Blackstone Secured Lending Fund (NYSE:BXSL) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The firm had revenue of $315.18 million for the quarter, compared to analyst estimates of $317.81 million. Blackstone Secured Lending Fund had a net margin of 21.51% and a return on equity of 11.86%. As a group, equities analysts forecast that Blackstone Secured Lending Fund will post 2.85 EPS for the current fiscal year.

Key Stories Impacting Blackstone Secured Lending Fund

Here are the key news stories impacting Blackstone Secured Lending Fund this week:

• Positive Sentiment: Third-quarter net investment income was $0.68 per share, topping analyst estimates of $0.66–$0.67. Management cited a predominantly first-lien, floating-rate portfolio and borrowers generally showing earnings growth. Business Wire results
• Neutral Sentiment: BXSL declared a $0.77 quarterly dividend for the quarter payable in January, before the subsequent announced reduction for the next quarter. The company is also continuing to refinance approximately $3.2 billion of notes, according to coverage of its dividend reset. Dividend and refinancing update
• Negative Sentiment: The fund set its next quarterly dividend at $0.60 per share, down 22.1% from $0.77. That implies $2.40 annualized and a reported yield of about 10%, versus 12.9% at the prior payout—likely weighing on income-focused investors’ outlook. Dividend-cut analysis
• Negative Sentiment: Despite beating the quarterly EPS estimate, earnings were down from $0.82 per share a year earlier, while revenue of $315.18 million fell short of the $317.81 million consensus. Zacks earnings coverage

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.