Sixth Street Specialty Lending, Inc. (TSLX) To Go Ex-Dividend on December 15th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Tuesday, November 4th, investing.com reports. Investors of record on Monday, December 15th will be given a dividend of 0.03 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th.

Sixth Street Specialty Lending has raised its dividend by an average of 0.0%annually over the last three years. Sixth Street Specialty Lending has a dividend 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. Research 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 Down 0.0%

Shares of NYSE:TSLX traded down $0.01 during trading hours on Friday, hitting $22.58. 440,658 shares of the company’s stock traded hands, compared to its average volume of 401,152. Sixth Street Specialty Lending has a 1 year low of $18.58 and a 1 year high of $25.17. The business has a fifty day moving average price of $21.81 and a 200-day moving average price of $23.10. The firm has a market capitalization of $2.13 billion, a P/E ratio of 11.07 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.73 and a quick ratio of 4.73.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.The firm had revenue of $109.40 million during the quarter, compared to analyst estimates of $108.35 million. During the same period last year, the company earned $0.57 EPS. Equities analysts expect that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSLX shares. Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada reduced their target price on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

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.