Sixth Street Specialty Lending, Inc. (TSLX) to Issue Dividend of $0.05 on December 20th

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 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 fall. 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 Trading Up 0.8 %

NYSE:TSLX traded up $0.17 on Wednesday, hitting $21.11. The stock had a trading volume of 18,674 shares, compared to its average volume of 346,748. Sixth Street Specialty Lending has a 1-year low of $19.50 and a 1-year high of $22.35. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 10.17 and a beta of 1.06. The company has a fifty day moving average price of $20.49 and a two-hundred day moving average price of $20.99. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same quarter last year, the company earned $0.60 earnings per share. Equities research analysts expect that Sixth Street Specialty Lending will post 2.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLX has been the subject of several research analyst reports. Wells Fargo & Company dropped their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $22.00.

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.