Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Free Report) announced a — dividend on Wednesday, November 6th, Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.05 per share by the financial services provider on Tuesday, December 31st. This represents a yield of 9.1%. The ex-dividend date of this dividend is Monday, December 16th.
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 fall. Equities analysts expect Sixth Street Specialty Lending to earn $2.16 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 85.2%.
Sixth Street Specialty Lending Trading Up 0.3 %
Shares of Sixth Street Specialty Lending stock traded up $0.07 during trading on Wednesday, reaching $20.26. The company’s stock had a trading volume of 978,573 shares, compared to its average volume of 348,649. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average is $20.70 and its two-hundred day moving average is $21.08. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.50 and a beta of 1.06. Sixth Street Specialty Lending has a 52-week low of $19.50 and a 52-week high of $22.35.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Thursday, August 15th. Finally, LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.21.
Check Out Our Latest Analysis on TSLX
About Sixth Street Specialty Lending
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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