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

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Tuesday, November 5th,investing.com reports. Investors of record on Monday, December 16th will be given a dividend of 0.05 per share by the financial services provider on Tuesday, December 31st. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, December 16th.

Sixth Street Specialty Lending has a dividend 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. Analysts expect Sixth Street Specialty Lending to earn $2.22 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 82.9%.

Sixth Street Specialty Lending Trading Up 0.0 %

Shares of NYSE TSLX opened at $21.37 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $22.35. The business has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $20.99. The firm has a market capitalization of $1.99 billion, a PE ratio of 10.37 and a beta of 1.06.

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 analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. During the same period last year, the business earned $0.60 EPS. As a group, analysts predict that Sixth Street Specialty Lending will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Wells Fargo & Company cut their price objective 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. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods dropped 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Buy” and an average target price 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.