Sixth Street Specialty Lending, Inc. (TSLX) to Distribute Quarterly Dividend of $0.42 on September 30th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.42 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Tuesday, September 15th.

Sixth Street Specialty Lending has decreased its dividend by an average of 0.0%annually over the last three years. Sixth Street Specialty Lending has a payout ratio of 75.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sixth Street Specialty Lending to earn $1.82 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 92.3%.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock opened at $17.87 on Friday. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. The company has a market cap of $1.70 billion, a PE ratio of 18.81 and a beta of 0.61. The company has a 50 day moving average of $17.98 and a 200-day moving average of $17.88. Sixth Street Specialty Lending has a 1-year low of $16.04 and a 1-year high of $24.76.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The business had revenue of $97.84 million for the quarter, compared to analysts’ expectations of $95.28 million. During the same period last year, the firm posted $0.56 earnings per share. As a group, equities research analysts forecast that Sixth Street Specialty Lending will post 1.74 earnings per share for the current fiscal year.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE:TSLX) is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated loans and other debt investments, seeking to support businesses that may have limited access to traditional bank financing or public capital markets.

Its investment portfolio generally includes first-lien senior secured loans, second-lien loans, mezzanine debt and, to a lesser extent, equity investments.