Persistent inflation and rising interest rates have been at the forefront of investors' minds for most of this year.

On Sept. 21, the Federal Reserve raised interest rates by 75 basis points (0.75%) once again, continuing its fight against inflation. These rapidly rising interest rates have shaken the market, with the S&P 500 down more than 24% since the start of the year.

At times like this, conservative investors are searching for security and protection from inflation. The Blackstone Secured Lending Fund (NYSE: BXSL) is one dividend stock that could guard you from inflation and the effects of rising interest rates. The company has a high dividend yield and benefits from higher rates. Here's how.

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Source Fool.com