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Blackstone Secured Lending Fund () is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation.As a business development company, BXSL seeks to achieve its investment objectives through originated loans and other securities, including syndicated loans, to private U.S. companies, typically in the form of first lien senior secured and unitranche loans, and unsecured and subordinated loans and other debt and equity securities.BXSL Launched in 2018 and currently has ~$5.4 billion of equity and is headquartered in New York, NY.Three key data points gauge BXSL or any dividend paying firm.The key three are:(1) Price(2) Dividend(3) ReturnThose three keys also best tell whether any company has made, is making, and will make money.
BXSL PriceBlackstone Secured Lending’s share price grew 8% from $28.13 to $30.39 as of Monday’s market close.In the past 5 years the company’s share price has rarely been less than $22 nor higher than $38.32. Blackstone Secured Lending price reached its all time high price reached $252.49 in December 2021.If shares trade in the range of $27.00 to $34.00 this next year, the recent $30.39 share price might grow to $32.00. Of course, BXSL share price could also drop about the same $1.61 estimated amount, or more.My $1.61 price upside estimate is based on the median of BXSL one-year target prices estimated by 8 analysts tracking BXSL for brokers.
BXSL Dividend
Blackstone Secured Lending has paid variable quarterly dividends since January 2022. The company’s most recent Q dividend of $ 0.77 was declared August 7th for shareholders of record September 30th and the payout was made October 25th.A resulting $3.08 Annual dividend yields 10.14%, as of Monday’s closing price.
BXSL ReturnsPutting it all together, a $4.69 estimated annual gross gain per share shows up by adding Blackstone Secured Lending’s annual $3.08 dividend to the estimated price upside of $1.61, totals that $4.69 gross gain.A little over $1000 buys 33 shares at Monday’s $30.38 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.30 per share out of the $4.69 gross gain to give us a net gain of $4.39 X 33 shares = $144.87 for about a 14.5% estimated net gain for the year.Furthermore, the $101.40 annual dividend paid out from $1k invested is 3.33 times more than the $30.38 single share price. By these numbers, BXSL could be an ideal dividend dog.Therefore, you might choose to pounce on Blackstone Secured Lending. It is an 6 year-old variable quarterly dividend paying business development company with a nearly 3-year dividend record.The exact track of BXSL’s future price and dividend will entirely be determined by market action and company finances.Remember the best measure of stock value is through direct ownership of shares.More By This Author:
Current Report: Blackstone Secured Lending Fund
