Sixth Street Specialty Lending, Inc. (TSLX) to Issue Dividend of $0.05 on September 19th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a dividend on Saturday, August 23rd, investing.com reports. Stockholders of record on Monday, September 1st will be given a dividend of 0.05 per share by the financial services provider on Friday, September 19th. This represents a dividend yield of 864.0%. The ex-dividend date is Friday, August 29th.

Sixth Street Specialty Lending has a dividend 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 decline. 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 Trading Down 1.0%

Sixth Street Specialty Lending stock opened at $24.10 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The business’s 50-day simple moving average is $23.96 and its 200-day simple moving average is $22.70. The firm has a market capitalization of $2.27 billion, a PE ratio of 11.99 and a beta of 0.84. Sixth Street Specialty Lending has a 52 week low of $18.58 and a 52 week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $115.00 million for the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same period in the previous year, the company posted $0.58 earnings per share. Equities research analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLX has been the topic of a number of recent analyst reports. JMP Securities lifted their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Raymond James Financial lowered their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. B. Riley began coverage on Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $23.28.

Sixth Street Specialty Lending Company Profile

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.