Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Plans Dividend of $0.05

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a dividend on Friday, November 29th,investing.com reports. Investors of record on Monday, December 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, December 20th. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, November 29th.

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 decline. Equities research analysts expect Sixth Street Specialty Lending to earn $2.23 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 82.5%.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX traded up $0.29 during midday trading on Friday, hitting $21.48. The stock had a trading volume of 382,249 shares, compared to its average volume of 347,999. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending has a 1 year low of $19.50 and a 1 year high of $22.35. The company has a market capitalization of $2.00 billion, a PE ratio of 10.50 and a beta of 1.06. The stock has a 50 day simple moving average of $20.52 and a 200-day simple moving average of $20.99.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The firm had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period last year, the firm posted $0.60 earnings per share. On average, sell-side analysts expect that Sixth Street Specialty Lending will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSLX. 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 objective for the company in a report on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Buy” and a consensus price target of $22.00.

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.