Blackstone Secured Lending: 11.2% Dividend Yield, I'm Buying Any Dips

AerialPerspective Works The decision to make Blackstone Secured Lending (NYSE:BXSL) my second-largest business development company holding after Hercules Capital (HTGC) was driven by three core factors. The BDC's net asset value per share has been rising, it continues to out-earn its quarterly base dividend, and underwriting quality remains extremely high with loans on non-accrual status of 0.1% at the end of its fiscal 2023 third quarter. The BDC last declared a quarterly base cash dividend of $0.77 per sh ...