HomeCompareBXSL vs PAA

BXSL vs PAA: Dividend Comparison 2026

BXSL yields 12.95% · PAA yields 6.93%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 BXSL wins by $693431.36M in total portfolio value
10 years
BXSL
BXSL
● Live price
12.95%
Share price
$23.79
Annual div
$3.08
5Y div CAGR
94.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$693438.07M
Annual income
$680,033,607,476.38
Full BXSL calculator →
PAA
PAA
● Live price
6.93%
Share price
$22.47
Annual div
$1.56
5Y div CAGR
57%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$6.71M
Annual income
$5,114,230.35
Full PAA calculator →

Portfolio growth — BXSL vs PAA

📍 BXSL pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodBXSLPAA
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
📅

Dividend Calendar Overlap

Combined, BXSL + PAA cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
BXSL pays
PAA pays
Both pay
Neither
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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

BXSL
Annual income on $10K today (after 15% tax)
$1,100.46/yr
After 10yr DRIP, annual income (after tax)
$578,028,566,354.92/yr
PAA
Annual income on $10K today (after 15% tax)
$589.17/yr
After 10yr DRIP, annual income (after tax)
$4,347,095.80/yr
At 15% tax rate, BXSL beats the other by $578,024,219,259.13/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of BXSL + PAA for your $10,000?

BXSL: 50%PAA: 50%
100% PAA50/50100% BXSL
Portfolio after 10yr
$346722.39M
Annual income
$340,019,360,853.37/yr
Blended yield
98.07%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on PAA right now

BXSL
Analyst Ratings
9
Buy
2
Hold
1
Sell
Consensus: Buy
Price Target
$26.00
+9.3% upside vs current
Range: $24.00 — $28.00
Altman Z
0.6
Piotroski
3/9
PAA
Analyst Ratings
1
Strong
23
Buy
16
Hold
2
Sell
Consensus: Buy
Price Target
$21.83
-2.8% upside vs current
Range: $17.00 — $25.00
Altman Z
2.3
Piotroski
5/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

BXSL buys
0
PAA buys
0
No recent congressional trades found for BXSL or PAA in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricBXSLPAA
Forward yield12.95%6.93%
Annual dividend / share$3.08$1.56
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR94.4%57%
Portfolio after 10y$693438.07M$6.71M
Annual income after 10y$680,033,607,476.38$5,114,230.35
Total dividends collected$692530.98M$6.54M
Payment frequencyquarterlyquarterly
SectorBDCStock
Analyst consensusBuyBuy
Analyst price target$26.00$21.83

Year-by-year: BXSL vs PAA ($10,000, DRIP)

YearBXSL PortfolioBXSL Income/yrPAA PortfolioPAA Income/yrGap
1← crossover$13,217$2,516.82$11,788$1,088.24+$1.4KBXSL
2$20,186$6,043.55$14,496$1,882.30+$5.7KBXSL
3$38,368$16,769.42$18,907$3,396.22+$19.5KBXSL
4$98,964$57,910.68$26,730$6,499.60+$72.2KBXSL
5$377,274$271,382.26$42,084$13,482.87+$335.2KBXSL
6$2,283,312$1,879,628.45$76,177$31,147.09+$2.21MBXSL
7$23,110,868$20,667,724.06$164,235$82,725.90+$22.95MBXSL
8$404,792,131$380,063,502.87$437,430$261,698.43+$404.35MBXSL
9$12,527,531,257$12,094,403,676.51$1,490,777$1,022,727.50+$12526.04MBXSL
10$693,438,065,921$680,033,607,476.38$6,709,362$5,114,230.35+$693431.36MBXSL

BXSL vs PAA: Complete Analysis 2026

BXSLBDC

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). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (RIC), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.

Full BXSL Calculator →

PAAStock

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

Full PAA Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.