Sixth Street Specialty Lending, Inc. (NYSE:TSLX) to Issue $0.06 Dividend

Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Free Report) declared a dividend on Thursday, May 30th, investing.com reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.06 per share by the financial services provider on Thursday, June 20th. This represents a dividend yield of 7.63%. The ex-dividend date is Friday, May 31st.

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 decline. Research analysts expect Sixth Street Specialty Lending to earn $2.24 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 82.1%.

Sixth Street Specialty Lending Stock Up 1.0 %

Shares of Sixth Street Specialty Lending stock traded up $0.22 during trading on Thursday, reaching $21.85. The company’s stock had a trading volume of 244,547 shares, compared to its average volume of 396,757. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.14. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 8.81 and a beta of 1.03. Sixth Street Specialty Lending has a 1-year low of $18.08 and a 1-year high of $22.35. The company has a 50-day simple moving average of $21.21 and a two-hundred day simple moving average of $21.32.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The business had revenue of $117.78 million during the quarter, compared to analyst estimates of $118.44 million. Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. As a group, equities analysts forecast that Sixth Street Specialty Lending will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on TSLX shares. Royal Bank of Canada raised their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods lowered their price objective on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. JMP Securities reaffirmed a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Finally, Truist Financial lifted their price target on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

Read Our Latest Report on Sixth Street Specialty Lending

Sixth Street Specialty Lending Company Profile

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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.

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Dividend History for Sixth Street Specialty Lending (NYSE:TSLX)

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