Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Declares $0.05 Dividend

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a dividend on Tuesday, November 5th, NASDAQ reports. Investors of record on Friday, November 29th will be paid a dividend of 0.05 per share by the financial services provider on Friday, December 20th. The ex-dividend date of this dividend is Friday, November 29th.

Sixth Street Specialty Lending has a payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Sixth Street Specialty Lending to earn $2.16 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 85.2%.

Sixth Street Specialty Lending Stock Up 0.3 %

NYSE:TSLX traded up $0.07 on Wednesday, reaching $20.26. 978,576 shares of the stock traded hands, compared to its average volume of 348,649. The company’s fifty day simple moving average is $20.70 and its 200 day simple moving average is $21.08. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.50 and a beta of 1.06. Sixth Street Specialty Lending has a 12 month low of $19.50 and a 12 month high of $22.35. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The company had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. During the same period in the previous year, the business earned $0.60 EPS. Equities analysts predict that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.21.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.