Sixth Street Specialty Lending, Inc. (NYSE:TSLX) to Issue — Dividend of $0.05

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a — dividend on Wednesday, November 6th, Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.05 per share by the financial services provider on Tuesday, December 31st. This represents a dividend yield of 9.1%. The ex-dividend date is Monday, December 16th.

Sixth Street Specialty Lending has a dividend payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Performance

TSLX stock opened at $20.26 on Thursday. The stock has a 50-day moving average price of $20.68 and a 200-day moving average price of $21.07. Sixth Street Specialty Lending has a 1-year low of $19.50 and a 1-year 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. The firm has a market cap of $1.88 billion, a PE ratio of 8.58 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. 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. Finally, Wells Fargo & Company decreased their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Buy” and a consensus target price of $22.25.

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.