Sixth Street Specialty Lending, Inc. (TSLX) To Go Ex-Dividend on March 16th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Monday, March 16th will be given a dividend of 0.01 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, March 16th.

Sixth Street Specialty Lending has decreased its dividend payment by an average of 0.0%annually over the last three years. 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 tumble. 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 Down 1.3%

Shares of NYSE TSLX opened at $17.81 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of 9.84 and a beta of 0.73. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.08. Sixth Street Specialty Lending has a 12-month low of $16.99 and a 12-month high of $25.17. The company has a 50-day moving average of $20.21 and a 200 day moving average of $21.62.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.20). Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.The company had revenue of $108.25 million for the quarter, compared to analyst estimates of $107.11 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. As a group, sell-side analysts predict that Sixth Street Specialty Lending will post 2.19 EPS for the current fiscal 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.