Sixth Street Specialty Lending, Inc. (TSLX) to Issue Quarterly Dividend of $0.05 on December 31st

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Tuesday, November 5th,investing.com reports. Investors of record on Monday, December 16th will be given a dividend of 0.05 per share by the financial services provider on Tuesday, December 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, December 16th.

Sixth Street Specialty Lending has a 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 tumble. 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 Stock Up 0.0 %

TSLX opened at $21.37 on Friday. The business’s fifty day simple moving average is $20.72 and its 200 day simple moving average is $20.99. Sixth Street Specialty Lending has a 52 week low of $19.50 and a 52 week high of $22.35. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.99 billion, a PE ratio of 10.37 and a beta of 1.06.

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

Analysts Set New Price Targets

Several analysts have weighed in on TSLX shares. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods reduced their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending has an average rating of “Buy” and a consensus price target 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.