Blackstone Secured Lending Fund (BXSL) To Go Ex-Dividend on December 31st

Blackstone Secured Lending Fund (NYSE:BXSL) declared a quarterly dividend on Tuesday, November 12th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.77 per share on Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date is Tuesday, December 31st.

Blackstone Secured Lending Fund has a dividend payout ratio of 94.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Blackstone Secured Lending Fund to earn $3.30 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 93.3%.

Blackstone Secured Lending Fund Price Performance

NYSE:BXSL opened at $33.27 on Friday. The firm’s 50 day simple moving average is $31.67 and its 200 day simple moving average is $30.80. The company has a market cap of $7.21 billion, a PE ratio of 9.24 and a beta of 0.43. Blackstone Secured Lending Fund has a one year low of $27.47 and a one year high of $33.48.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BXSL shares. Wells Fargo & Company downgraded Blackstone Secured Lending Fund from an “overweight” rating to an “equal weight” rating and set a $29.00 price objective for the company. in a research report on Monday, December 2nd. Compass Point lowered their price target on shares of Blackstone Secured Lending Fund from $33.50 to $32.25 and set a “buy” rating for the company in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.54.

About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act).