Oaktree Specialty Lending Corp. Declares Quarterly Dividend of $0.40 (NASDAQ:OCSL)

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) declared a quarterly dividend on Tuesday, November 18th. Investors of record on Monday, December 15th will be paid a dividend of 0.40 per share by the credit services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Monday, December 15th.

Oaktree Specialty Lending has raised its dividend payment by an average of 0.1%annually over the last three years. Oaktree Specialty Lending has a payout ratio of 69.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oaktree Specialty Lending to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 82.5%.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock opened at $13.33 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21. Oaktree Specialty Lending has a 1-year low of $12.44 and a 1-year high of $16.53. The business’s fifty day moving average price is $13.38 and its two-hundred day moving average price is $13.77. The company has a market capitalization of $1.17 billion, a P/E ratio of 23.80 and a beta of 0.65.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The company had revenue of $76.87 million for the quarter, compared to analyst estimates of $76.51 million. During the same period last year, the company earned $0.45 earnings per share. As a group, research analysts forecast that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.