Oaktree Specialty Lending Corp. (OCSL) To Go Ex-Dividend on June 15th

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.30 per share by the credit services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th.

Oaktree Specialty Lending has raised its dividend payment by an average of 0.1%per year over the last three years. Oaktree Specialty Lending has a payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oaktree Specialty Lending to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 85.7%.

Oaktree Specialty Lending Stock Up 0.8%

Shares of OCSL stock opened at $12.13 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50-day moving average is $12.12 and its 200-day moving average is $12.29. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 21.28 and a beta of 0.50. Oaktree Specialty Lending has a 52-week low of $10.63 and a 52-week high of $14.77.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $69.74 million for the quarter, compared to analysts’ expectations of $74.35 million. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%. During the same period in the prior year, the firm earned $0.45 EPS. Sell-side analysts predict that Oaktree Specialty Lending will post 1.5 EPS for the current year.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.