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

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.40 per share by the credit services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Monday, March 16th.

Oaktree Specialty Lending has increased its dividend by an average of 0.1%annually over the last three years. Oaktree Specialty Lending has a payout ratio of 69.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of OCSL opened at $12.54 on Thursday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 32.15 and a beta of 0.52. Oaktree Specialty Lending has a 12 month low of $11.94 and a 12 month high of $16.29. The firm has a fifty day simple moving average of $12.96 and a 200 day simple moving average of $13.35. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $74.48 million for the quarter, compared to analysts’ expectations of $75.72 million. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. During the same period in the previous year, the firm posted $0.54 EPS. Research analysts forecast that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.