TPG Specialty Lending Inc (TSLX) Declares Quarterly Dividend of $0.39

TPG Specialty Lending Inc (NYSE:TSLX) announced a quarterly dividend on Wednesday, November 7th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.39 per share by the financial services provider on Tuesday, January 15th. This represents a $1.56 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Thursday, December 13th.

TPG Specialty Lending has increased its dividend by an average of 11.0% annually over the last three years. TPG Specialty Lending has a dividend payout ratio of 77.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect TPG Specialty Lending to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 76.8%.

TSLX opened at $20.00 on Friday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 4.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.60 and a quick ratio of 0.60. TPG Specialty Lending has a 1-year low of $17.00 and a 1-year high of $21.24.

TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $63.00 million during the quarter, compared to the consensus estimate of $58.77 million. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, analysts predict that TPG Specialty Lending will post 2.1 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. National Securities upped their target price on TPG Specialty Lending from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, November 9th. Bank of America increased their price objective on TPG Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Finally, ValuEngine downgraded TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.71.

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About TPG Specialty Lending

TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, 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.

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Dividend History for TPG Specialty Lending (NYSE:TSLX)

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