Blackstone Secured Lending: Top Credit Quality And A 10% Yield Make This BDC A Buy

Pixelimage Blackstone Secured Lending (NYSE:BXSL) out-earned its dividend with net investment income in the fourth quarter which in turn led to the BDC reporting a 1% QoQ increase in its net asset value per share. The BDC’s large floating-rate debt portfolio is still producing top results for Blackstone Secured Lending and BXSL is a rare BDC that I am willing to pay a premium for. New investment commitments roared higher in 4Q-23 and the BDC has very good credit quality, particularly when compared to th ...