Sixth Street Specialty Lending, Inc. Announces — Dividend of $0.05 (NYSE:TSLX)

by · The Cerbat Gem

Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) announced a — dividend on Wednesday, November 6th, Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.05 per share by the financial services provider on Tuesday, December 31st. This represents a yield of 9.1%. The ex-dividend date of this dividend is Monday, December 16th.

Sixth Street Specialty Lending has a dividend payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 Trading Up 0.3 %

Shares of Sixth Street Specialty Lending stock traded up $0.07 during trading on Wednesday, reaching $20.26. The company’s stock had a trading volume of 978,573 shares, compared to its average volume of 348,649. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average is $20.70 and its two-hundred day moving average is $21.08. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.50 and a beta of 1.06. Sixth Street Specialty Lending has a 52-week low of $19.50 and a 52-week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The firm had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. During the same quarter last year, the firm earned $0.60 EPS. On average, sell-side analysts anticipate that Sixth Street Specialty Lending will post 2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Thursday, August 15th. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.21.

Check Out Our Latest Analysis on TSLX

About Sixth Street Specialty Lending

(Get Free Report)

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.

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