Blackstone Secured Lending offers 12.7% yield but faces risks from rising non-accruals and AI disruption.

Blackstone Secured Lending (BXSL) currently offers a high dividend yield of 12.7%, supported by a conservative portfolio and Blackstone's strong credit expertise. The stock trades at a significant discount to its net asset value, indicating potential value for investors. However, recent increases in non-accrual loans and concerns about the impact of AI disruption have raised questions about the sustainability of its dividend. Investors should weigh these risks against the attractive yield when considering BXSL.