Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Declares Quarterly Dividend of $0.42

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.42 per share by the financial services provider on Thursday, December 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Tuesday, December 15th.

Sixth Street Specialty Lending has a dividend payout ratio of 75.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sixth Street Specialty Lending to earn $1.84 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 91.3%.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $17.93 on Wednesday. The stock has a market cap of $1.70 billion, a PE ratio of 19.06 and a beta of 0.61. The business has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $18.22. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending has a 52-week low of $16.04 and a 52-week high of $22.84.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $98.96 million for the quarter, compared to the consensus estimate of $97.59 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%. On average, equities analysts expect that Sixth Street Specialty Lending will post 1.74 EPS for the current year.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc is a business development company (BDC) that provides financing to middle-market companies. The company primarily invests in privately negotiated debt and equity investments, with a focus on supporting businesses that may have limited access to traditional bank financing.

Its investment portfolio generally includes first-lien and second-lien loans, unitranche financing, mezzanine debt, and related equity investments. Sixth Street Specialty Lending seeks to generate income through interest payments and other investment returns while providing customized financing solutions for acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.

The company was formed in 2011 and is externally managed by an affiliate of Sixth Street, an investment firm focused on credit and other asset classes.