Oaktree Specialty Lending Corp. (NASDAQ:OCSL) to Issue Quarterly Dividend of $0.40

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) declared a quarterly dividend on Tuesday, November 18th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.40 per share by the credit services provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Monday, December 15th.

Oaktree Specialty Lending has increased its dividend payment by an average of 0.1%annually over the last three years. Oaktree Specialty Lending has a dividend payout ratio of 69.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oaktree Specialty Lending to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 82.5%.

Oaktree Specialty Lending Price Performance

OCSL remained flat at $13.33 on Tuesday. The company had a trading volume of 794,466 shares, compared to its average volume of 724,723. The company has a market capitalization of $1.17 billion, a PE ratio of 23.80 and a beta of 0.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21. Oaktree Specialty Lending has a 12-month low of $12.44 and a 12-month high of $16.53. The stock’s fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $13.77.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $76.87 million during the quarter, compared to analyst estimates of $76.51 million. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts forecast that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.