Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shareholders Set to Receive $0.01 Special Dividend

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a special dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 30th will be given a dividend of $0.01 per share by the financial services provider on Monday, December 21st. The ex-dividend date is Monday, November 30th.

Sixth Street Specialty Lending has a payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sixth Street Specialty Lending to earn $1.84 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 91.3%.

Sixth Street Specialty Lending Trading Up 0.2%

TSLX opened at $17.93 on Wednesday. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending has a twelve month low of $16.04 and a twelve month high of $22.84. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 19.06 and a beta of 0.61. The company has a 50-day simple moving average of $17.83 and a 200 day simple moving average of $18.22.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The business had revenue of $98.96 million for the quarter, compared to analyst estimates of $97.59 million. Analysts predict that Sixth Street Specialty Lending will post 1.74 EPS for the current fiscal year.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc is a business development company (BDC) that provides financing to middle-market companies. The company primarily invests in privately negotiated debt and equity investments, with a focus on supporting businesses that may have limited access to traditional bank financing.

Its investment portfolio generally includes first-lien and second-lien loans, unitranche financing, mezzanine debt, and related equity investments. Sixth Street Specialty Lending seeks to generate income through interest payments and other investment returns while providing customized financing solutions for acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.

The company was formed in 2011 and is externally managed by an affiliate of Sixth Street, an investment firm focused on credit and other asset classes.