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

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

Sixth Street Specialty Lending has a dividend payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Trading Up 1.0 %

TSLX stock traded up $0.22 during midday trading on Thursday, reaching $21.85. The stock had a trading volume of 244,547 shares, compared to its average volume of 396,757. Sixth Street Specialty Lending has a twelve month low of $18.08 and a twelve month high of $22.35. 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 firm has a market cap of $2.03 billion, a price-to-earnings ratio of 8.81 and a beta of 1.03. The business has a fifty 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 results on Wednesday, May 1st. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The company had revenue of $117.78 million for 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, research analysts expect that Sixth Street Specialty Lending will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

TSLX has been the topic of a number of research analyst reports. Truist Financial raised their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. 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. Royal Bank of Canada increased their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, JMP Securities reissued 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

View Our Latest Analysis on TSLX

Sixth Street Specialty Lending Company Profile

(Get Free Report)

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.

See Also

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

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