Sixth Street Specialty Lending, Inc. (TSLX) To Go Ex-Dividend on December 16th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a — dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders 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 is Monday, December 16th.

Sixth Street Specialty Lending has a 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 tumble. Equities research analysts expect Sixth Street Specialty Lending to earn $2.22 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 82.9%.

Sixth Street Specialty Lending Price Performance

Shares of TSLX opened at $21.37 on Friday. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.35. The company has a market capitalization of $1.99 billion, a P/E ratio of 10.37 and a beta of 1.06. The firm has a 50 day moving average of $20.72 and a 200 day moving average of $20.99. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same quarter last year, the company earned $0.60 EPS. As a group, equities research analysts anticipate that Sixth Street Specialty Lending will post 2.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLX has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company cut their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. 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, November 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Buy” and an average target price of $22.00.

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.