Blackstone Secured Lending Fund (BXSL) To Go Ex-Dividend on June 30th

Blackstone Secured Lending Fund (NYSE:BXSL) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.77 per share on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Tuesday, June 30th.

Blackstone Secured Lending Fund has a dividend payout ratio of 101.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Blackstone Secured Lending Fund to earn $2.60 per share next year, which means the company may not be able to cover its $3.08 annual dividend with an expected future payout ratio of 118.5%.

Blackstone Secured Lending Fund Stock Up 0.5%

Shares of Blackstone Secured Lending Fund stock opened at $24.09 on Friday. The company has a 50 day moving average price of $23.87 and a 200 day moving average price of $24.80. The firm has a market capitalization of $5.60 billion, a P/E ratio of 12.61 and a beta of 0.38. Blackstone Secured Lending Fund has a 52 week low of $22.47 and a 52 week high of $32.81.

Blackstone Secured Lending Fund (NYSE:BXSL) last released its earnings results on Thursday, May 7th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Blackstone Secured Lending Fund had a net margin of 31.63% and a return on equity of 11.73%. The company had revenue of $254.64 million for the quarter, compared to the consensus estimate of $353.15 million. As a group, research analysts anticipate that Blackstone Secured Lending Fund will post 2.76 earnings per share for the current fiscal year.

Blackstone Secured Lending Fund Company Profile

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.