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

Key Points

• Sixth Street Specialty Lending, Inc. announced a dividend of $0.05 per share, with a dividend yield of 864.0%, payable on September 19th to investors of record as of September 1st.
• The company's current payout ratio is 82.1%, indicating that while the dividend is currently covered by earnings, future earnings declines may jeopardize this coverage.
• Sixth Street Specialty Lending reported earnings of $0.56 per share for the last quarter, exceeding analysts' predictions, and had a revenue of $115 million compared to expected revenues of $110.42 million.

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, investing.com reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.05 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, September 15th.

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 fall. 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

Shares of TSLX traded up $0.10 during trading hours on Thursday, hitting $24.35. 125,092 shares of the company were exchanged, compared to its average volume of 466,429. The company has a market capitalization of $2.29 billion, a PE ratio of 12.11 and a beta of 0.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The firm has a fifty day simple moving average of $24.05 and a 200-day simple moving average of $22.74. Sixth Street Specialty Lending has a one year low of $18.58 and a one year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same quarter in the prior year, the company earned $0.58 earnings per share. As a group, sell-side analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current year.

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.