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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.42 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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. Equities analysts expect Sixth Street Specialty Lending to earn $1.81 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 92.8%.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock opened at $18.13 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. The company has a market cap of $1.72 billion, a PE ratio of 19.09 and a beta of 0.59. The firm has a fifty day moving average price of $17.13 and a two-hundred day moving average price of $18.29. Sixth Street Specialty Lending has a fifty-two week low of $16.04 and a fifty-two week high of $24.79.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $97.84 million for the quarter, compared to the consensus estimate of $95.28 million. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.25%. During the same quarter in the previous year, the firm posted $0.56 EPS. 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.