Sixth Street Specialty Lending, Inc. (TSLX) To Go Ex-Dividend on November 29th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a — dividend on Tuesday, November 5th, NASDAQ reports. Investors of record on Friday, November 29th will be given a dividend of 0.05 per share by the financial services provider on Friday, December 20th. This represents a yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th.

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 tumble. 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 Price Performance

Sixth Street Specialty Lending stock opened at $20.26 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.88 billion, a P/E ratio of 8.58 and a beta of 1.06. The business has a 50-day moving average of $20.68 and a 200-day moving average of $21.07. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. 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. On average, equities analysts anticipate that Sixth Street Specialty Lending will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. Wells Fargo & Company lowered their price target on 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. Finally, LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $22.25.

Sixth Street Specialty Lending Company Profile

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.