Sixth Street Specialty Lending, Inc. (TSLX) to Issue Quarterly Dividend of $0.03 on December 31st

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Monday, December 15th will be given a dividend of 0.03 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 15th.

Sixth Street Specialty Lending has raised its dividend payment by an average of 0.0%per year over the last three years. 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 fall. 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 Performance

Shares of TSLX stock traded down $0.01 during trading on Friday, reaching $22.58. The company had a trading volume of 440,658 shares, compared to its average volume of 401,152. The firm’s 50 day simple moving average is $21.81 and its two-hundred day simple moving average is $23.10. Sixth Street Specialty Lending has a one year low of $18.58 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.73 and a quick ratio of 4.73. The company has a market capitalization of $2.13 billion, a PE ratio of 11.07 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.The firm had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. Sell-side analysts forecast that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

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.