Blackstone Secured Lending Fund
BXSLFinancial Services · Stock · quarterly payer
Forward Yield
12.40%
Annual Dividend
$3.08
Payout Ratio
243%
5-Yr Growth
—
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Blackstone Secured Lending Fund (BXSL) yields 12.40% ($3.08 per share annually), with a blended fair-value estimate of $23.03 — -7% downside, so it screens as fairly valued. Dividend safety grade: C (60/100).
Is BXSL a good dividend stock?
Yes, with caveatsBlackstone Secured Lending Fund (BXSL) pays a quarterly dividend yielding 12.40% ($3.08/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (243%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 12.40%
- Payout Ratio
- 243%
- Annual Dividend
- $3.08
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.43
- Market Cap
- $5.8B
- P/E Ratio
- 19.6
- 5-Yr Total Return
- -14%
- 52-Week Range
- $22.47 – $28.59
- Dividend Safety
- C · 60/100
- Ever Cut?
- No
Frequently Asked Questions
BXSL Price — Last 12 Months
Daily close
Price Return
1 Year
-6%
3 Years
-9%
5 Years
-14%
52-Week Range
$22.47 – $28.59
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BXSL worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Blackstone Secured Lending Fund is $23.03 per share, versus a market price of $24.84. That implies the stock is roughly fairly priced.
Fair Value
$23.03
Current Price
$24.84
Gap
-7%
Margin of Safety
-8%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.9% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.27 EPS, $3.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BXSL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.7700 | regular |
| Mar 31, 2026 | — | $0.7700 | regular |
| Dec 31, 2025 | — | $0.7700 | regular |
| Sep 30, 2025 | — | $0.7700 | regular |
| Jun 30, 2025 | — | $0.7700 | regular |
| Mar 31, 2025 | — | $0.7700 | regular |
| Dec 31, 2024 | — | $0.7700 | regular |
| Sep 30, 2024 | — | $0.7700 | regular |
| Jun 28, 2024 | — | $0.7700 | regular |
| Mar 27, 2024 | — | $0.7700 | regular |
| Dec 28, 2023 | — | $0.7700 | regular |
| Sep 28, 2023 | — | $0.7700 | regular |
| Jun 29, 2023 | — | $0.7000 | regular |
| Mar 30, 2023 | — | $0.7000 | regular |
Income Calculator
At $3.08 / yr per share
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