TPG Specialty Lending, Inc. (NYSE:TSLX) declared a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.39 per share by the financial services provider on Friday, October 13th. This represents a $1.56 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Thursday, September 14th.

TPG Specialty Lending has a dividend payout ratio of 81.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect TPG Specialty Lending to earn $1.78 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 87.6%.

Shares of TPG Specialty Lending (TSLX) opened at 20.03 on Friday. The stock has a 50 day moving average of $20.94 and a 200 day moving average of $20.53. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.74.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.11. The firm had revenue of $58.82 million for the quarter, compared to analysts’ expectations of $49.41 million. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Equities analysts predict that TPG Specialty Lending will post $1.91 EPS for the current year.

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A number of research firms recently weighed in on TSLX. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. JMP Securities upped their price objective on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, BidaskClub lowered shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TPG Specialty Lending presently has an average rating of “Hold” and an average price target of $20.80.

About TPG Specialty Lending

TPG Specialty Lending, Inc is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.

Dividend History for TPG Specialty Lending (NYSE:TSLX)

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