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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared 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. The ex-dividend date 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 tumble. Equities 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 Stock Performance

Shares of NYSE:TSLX traded up $0.07 during midday trading on Wednesday, reaching $20.26. The company’s stock had a trading volume of 978,576 shares, compared to its average volume of 348,649. The firm has a market capitalization of $1.88 billion, a PE ratio of 8.50 and a beta of 1.06. The stock has a fifty day moving average of $20.70 and a 200 day moving average of $21.08. Sixth Street Specialty Lending has a twelve month low of $19.50 and a twelve month high of $22.35. 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 released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting 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 business had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. During the same quarter last year, the business posted $0.60 EPS. On average, equities analysts expect that Sixth Street Specialty Lending will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented 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 on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, 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 Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and a consensus price target of $22.21.

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.