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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a — dividend on Tuesday, November 5th, NASDAQ reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.05 per share by the financial services provider on Friday, December 20th. This represents a yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th.

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. 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 Price Performance

NYSE:TSLX opened at $20.26 on Thursday. The stock’s 50 day moving average price is $20.68 and its two-hundred day moving average price is $21.07. Sixth Street Specialty Lending has a 12-month low of $19.50 and a 12-month high of $22.35. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.58 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. The company had revenue of $119.22 million during the quarter, compared to analysts’ expectations of $119.85 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts anticipate that Sixth Street Specialty Lending will post 2.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. LADENBURG THALM/SH SH upgraded 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 research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. Finally, Wells Fargo & Company lowered their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $22.25.

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.