Sixth Street Specialty Lending, Inc. (TSLX) To Go Ex-Dividend on June 14th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a — dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.06 per share by the financial services provider on Friday, June 28th. This represents a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, June 14th.

Sixth Street Specialty Lending has raised its dividend payment by an average of 6.9% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Sixth Street Specialty Lending has a payout ratio of 81.1% 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 $2.26 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 81.4%.

Sixth Street Specialty Lending Stock Up 0.6 %

Shares of Sixth Street Specialty Lending stock opened at $21.01 on Friday. Sixth Street Specialty Lending has a 12-month low of $17.31 and a 12-month high of $22.35. The company has a quick ratio of 1.66, a current ratio of 2.03 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average price of $21.11 and a two-hundred day moving average price of $21.12. The stock has a market capitalization of $1.95 billion, a P/E ratio of 8.47 and a beta of 1.03.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $119.50 million during the quarter, compared to analyst estimates of $115.18 million. Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. During the same quarter in the previous year, the business earned $0.65 EPS. Equities analysts expect that Sixth Street Specialty Lending will post 2.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a research note on Monday, January 29th. Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. JMP Securities restated a “market outperform” rating and issued a $22.50 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

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.