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.
WARNING: “TPG Specialty Lending Inc (TSLX) Declares Quarterly Dividend of $0.39” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/08/tpg-specialty-lending-inc-tslx-declares-quarterly-dividend-of-0-39.html.
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.
Featured Article: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for TPG Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.