Sixth Street Specialty Lending, Inc. (TSLX) to Issue Quarterly Dividend of $0.42 on June 30th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.42 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Monday, June 15th. This is a 4,100.0% increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01.

Sixth Street Specialty Lending has decreased its dividend by an average of 0.0%annually over the last three years. Sixth Street Specialty Lending has a dividend payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Sixth Street Specialty Lending to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 93.3%.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock opened at $16.92 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of 14.71 and a beta of 0.60. Sixth Street Specialty Lending has a 12-month low of $16.73 and a 12-month high of $25.17. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 1.17. The company’s fifty day simple moving average is $18.03 and its two-hundred day simple moving average is $19.59.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same period last year, the business earned $0.58 EPS. As a group, equities analysts expect that Sixth Street Specialty Lending will post 1.71 EPS for the current year.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.