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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a dividend on Tuesday, November 26th,investing.com reports. Investors of record on Monday, December 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, December 20th. This represents a dividend yield of 7.78%. The ex-dividend date of this dividend is Friday, November 29th.

Sixth Street Specialty Lending has a dividend 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 decline. Equities research analysts expect Sixth Street Specialty Lending to earn $2.23 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 82.5%.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX remained flat at $20.94 during midday trading on Tuesday. The stock had a trading volume of 182,640 shares, compared to its average volume of 348,219. The company’s 50 day simple moving average is $20.49 and its two-hundred day simple moving average is $20.99. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. Sixth Street Specialty Lending has a 12 month low of $19.50 and a 12 month high of $22.35. The company has a market cap of $1.95 billion, a PE ratio of 10.17 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. During the same quarter last year, the firm earned $0.60 EPS. As a group, equities research analysts expect that Sixth Street Specialty Lending will post 2.32 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLX. Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Buy” and an average target price of $22.00.

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.