Blackstone Mortgage Trust: Is This REIT's 12% Dividend Yield Safe In 2024?

airdone Blackstone Mortgage Trust, Inc. (NYSE:BXMT) proved its value to passive income investors in February with a well-received earnings release for 4Q-23: The commercial mortgage real estate investment trust comfortably covered its dividend pay-out with distributable earnings, though it was forced to increase its CECL reserve for credit losses again. With that being said, Blackstone Mortgage Trust's dividend should be well-covered, and I do not foresee or predict a dividend adjustment in 2024. The stock ...