Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Free Report) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.55 per share by the credit services provider on Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a yield of 14.14%. The ex-dividend date is Monday, December 16th.
Oaktree Specialty Lending has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Oaktree Specialty Lending to earn $2.19 per share next year, which means the company may not be able to cover its $2.20 annual dividend with an expected future payout ratio of 100.5%.
Oaktree Specialty Lending Price Performance
OCSL stock opened at $15.56 on Friday. The firm has a 50 day moving average of $16.16 and a 200-day moving average of $17.47. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.28 billion, a P/E ratio of 21.61 and a beta of 1.09. Oaktree Specialty Lending has a 12 month low of $15.40 and a 12 month high of $21.64.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on OCSL
About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.
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