BXSL

Blackstone Secured Lending reset its dividend, cutting it by 22% to $0.60 per share, yet maintains a forward yield of 10%. BXSL's Q3 earnings were mixed: net investment income declined 17% year-over-year, and dividend coverage fell to 88%, signaling portfolio headwinds. Credit quality has weakened, with non-accruals rising above historical levels and NAV declining 7% year-over-year to $25.25 per share.

Blackstone Secured Lending Fund NYSE: BXSL will reduce its quarterly dividend to $0.60 per share in the first quarter of 2027, as the business development company moves its payout closer to what management described as the portfolio's long-term earnings power.

Blackstone Secured Lending Fund delivered Q3 earnings that beat bottom-line expectations despite year-over-year declines in investment and net investment income. BXSL announced a dividend cut to $0.60 per share for Q1 2027, improving coverage to an estimated 1.13x and maintaining a forward yield above 10%. Shares trade below book value, with potential for net asset value stabilization and possible multiple expansion as dividend outflows decrease.

Blackstone Secured Lending Fund. (BXSL) Q3 2026 Earnings Call Transcript

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.82 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE: BXSL or the “Company”) today reported its third-quarter 2026 results. Brad Marshall, Chief Executive Officer of Blackstone Secured Lending Fund, said, “BXSL delivered net investment income of $0.68 per share in the third quarter, a 10.7% annualized yield on NAV. Results were supported by our predominantly first-lien, floating rate portfolio, with borrowers generally continuing to demonstrate earnings growth. We remained active du.

Every so often, the market hands investors high-yielding opportunities on a platter after throwing out the baby with the bathwater. I detail why I think there are certain BDCs that this applies to right now. I discuss the specifics of what I am looking for as well as some of my top picks of the moment.

Business development companies are an overlooked corner of private credit and a chance for individual investors. Market fear has pushed some high-yield BDCs well below their net asset value, despite solid fundamentals. I highlight two discounted BDCs with strong balance sheets, healthy loan books, and well-covered dividends.

Three business development companies have already slashed their dividends this year, and two of the biggest names in private credit are showing the same warning signs that preceded every cut. Here is what the numbers inside their latest filings reveal.

This diversified dividend portfolio targets a 4.67% weighted average yield and 7.14% three-year dividend growth CAGR, balancing income and growth. Schwab US Dividend Equity ETF forms the portfolio's core, complemented by high-yield funds (Cohen & Steers Quality Income Realty Fund, Blackstone Secured Lending Fund) and select equities with strong dividend growth or high payout potential. Stock selection is guided by The Allocation Compass' proprietary Risk-Reward Rating System, emphasizing risk-adjusted returns and sustainable dividend profiles.