Sixth Street Specialty Lending, Inc. Declares Dividend of $0.06 (NYSE:TSLX)

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a dividend on Wednesday, May 29th, investing.com reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.06 per share by the financial services provider on Thursday, June 20th. This represents a yield of 7.61%. The ex-dividend date of this dividend is Friday, May 31st.

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 decline. Equities analysts expect Sixth Street Specialty Lending to earn $2.24 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 82.1%.

Sixth Street Specialty Lending Trading Up 0.1 %

TSLX traded up $0.02 during trading on Wednesday, reaching $21.62. 285,501 shares of the company’s stock were exchanged, compared to its average volume of 398,234. The company’s fifty day moving average price is $21.19 and its 200-day moving average price is $21.32. The firm has a market capitalization of $2.00 billion, a PE ratio of 8.71 and a beta of 1.03. Sixth Street Specialty Lending has a fifty-two week low of $18.08 and a fifty-two week high of $22.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.03 and a current ratio of 2.03.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. The company had revenue of $117.78 million for the quarter, compared to analyst estimates of $118.44 million. As a group, equities analysts forecast that Sixth Street Specialty Lending will post 2.33 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on TSLX shares. Keefe, Bruyette & Woods reduced their price objective on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Royal Bank of Canada boosted their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Truist Financial raised their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.67.

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.