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. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
Sixth Street Specialty Lending Dividend Announcement
• Sixth Street Specialty Lending announced a monthly dividend of $0.46 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-16
• Sixth Street Specialty Lending annual dividend for 2024 was $1.50
• Sixth Street Specialty Lending annual dividend for 2023 was $2.10
• Sixth Street Specialty Lending's trailing twelve-month (TTM) dividend yield is 10.42%
• Sixth Street Specialty Lending's payout ratio for the trailing twelve months (TTM) is 84.27%
• Sixth Street Specialty Lending's dividend growth over the last five years (2018-2023) was 3.36% year
Sixth Street Specialty Lending Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $0.46 | monthly | 2024-09-30 |
2024-08-30 | $0.06 | monthly | 2024-09-20 |
2024-06-14 | $0.46 | monthly | 2024-06-28 |
2024-05-31 | $0.06 | monthly | 2024-06-20 |
2024-03-14 | $0.46 | monthly | 2024-03-28 |
2023-12-14 | $0.46 | monthly | 2023-12-29 |
2023-11-29 | $0.07 | monthly | 2023-12-20 |
2023-09-14 | $0.46 | monthly | 2023-09-29 |
2023-08-30 | $0.06 | monthly | 2023-09-20 |
2023-06-14 | $0.46 | monthly | 2023-06-30 |
2023-05-30 | $0.04 | monthly | 2023-06-20 |
2023-03-14 | $0.46 | monthly | 2023-03-31 |
2023-02-27 | $0.09 | monthly | 2023-03-20 |
2022-12-14 | $0.45 | monthly | 2022-12-30 |
2022-09-14 | $0.42 | monthly | 2022-09-30 |
2022-06-14 | $0.41 | monthly | 2022-07-15 |
2022-05-27 | $0.04 | monthly | 2022-06-30 |
2022-03-14 | $0.41 | monthly | 2022-04-18 |
2022-02-25 | $0.11 | monthly | 2022-03-31 |
2021-12-14 | $0.41 | monthly | 2022-01-14 |
2021-12-06 | $0.50 | monthly | 2021-12-31 |
2021-11-29 | $0.07 | monthly | |
2021-09-14 | $0.41 | monthly | 2021-10-15 |
2021-08-30 | $0.02 | monthly | 2021-09-30 |
2021-06-14 | $0.41 | monthly | 2021-07-15 |
2021-05-27 | $0.06 | monthly | 2021-06-30 |
2021-03-24 | $1.25 | monthly | 2021-04-08 |
2021-03-12 | $0.41 | monthly | 2021-04-15 |
2021-02-25 | $0.05 | monthly | 2021-03-31 |
2020-12-14 | $0.41 | monthly | 2021-01-15 |
2020-11-27 | $0.10 | monthly | 2020-12-31 |
2020-09-14 | $0.41 | monthly | 2020-10-15 |
2020-06-12 | $0.66 | monthly | 2020-06-30 |
2020-04-14 | $0.25 | monthly | 2020-04-30 |
2020-03-12 | $0.41 | monthly | 2020-04-15 |
2020-02-27 | $0.06 | monthly | 2020-03-31 |
2019-12-12 | $0.39 | monthly | 2020-01-15 |
2019-11-27 | $0.08 | monthly | 2019-12-31 |
2019-09-12 | $0.39 | monthly | 2019-10-15 |
2019-08-29 | $0.04 | monthly | 2019-09-30 |
2019-06-13 | $0.39 | monthly | 2019-07-15 |
2019-05-30 | $0.01 | monthly | 2019-06-28 |
2019-03-14 | $0.39 | monthly | 2019-04-15 |
2019-02-27 | $0.12 | monthly | 2019-03-29 |
2018-12-13 | $0.39 | monthly | 2019-01-15 |
2018-11-29 | $0.05 | monthly | 2018-12-31 |
2018-09-13 | $0.39 | monthly | 2018-10-15 |
2018-08-30 | $0.08 | monthly | 2018-09-28 |
2018-06-14 | $0.39 | monthly | 2018-07-13 |
2018-05-30 | $0.06 | monthly | 2018-06-29 |
2018-03-14 | $0.39 | monthly | 2018-04-13 |
2018-02-27 | $0.03 | monthly | 2018-03-30 |
2017-12-14 | $0.39 | monthly | 2018-01-12 |
2017-11-29 | $0.06 | monthly | 2017-12-29 |
2017-09-14 | $0.39 | monthly | 2017-10-13 |
2017-08-29 | $0.09 | monthly | 2017-09-29 |
2017-06-13 | $0.39 | monthly | 2017-07-14 |
2017-05-26 | $0.04 | monthly | 2017-06-30 |
2017-04-05 | $0.39 | monthly | 2017-04-28 |
2017-03-29 | $0.39 | monthly | 2017-04-28 |
2016-12-28 | $0.39 | monthly | 2017-01-31 |
2016-09-28 | $0.39 | monthly | 2016-10-31 |
2016-06-28 | $0.39 | monthly | 2016-07-29 |
2016-03-29 | $0.39 | monthly | 2016-04-29 |
2015-12-29 | $0.39 | monthly | 2016-01-29 |
2015-09-28 | $0.39 | monthly | 2015-10-31 |
2015-06-26 | $0.39 | monthly | 2015-07-31 |
2015-03-27 | $0.39 | monthly | 2015-04-30 |
2014-12-29 | $0.39 | monthly | 2015-01-30 |
2014-09-26 | $0.38 | monthly | 2014-10-31 |
2014-06-26 | $0.38 | monthly | 2014-07-31 |
2014-03-27 | $0.38 | monthly | 2014-04-30 |
Sixth Street Specialty Lending Dividend per year
Sixth Street Specialty Lending Dividend growth
Sixth Street Specialty Lending Dividend Yield
Sixth Street Specialty Lending current trailing twelve-month (TTM) dividend yield is 10.42%. Interested in purchasing Sixth Street Specialty Lending stock? Use our calculator to estimate your expected dividend yield:
Sixth Street Specialty Lending Financial Ratios
Sixth Street Specialty Lending Dividend FAQ
Other factors to consider when evaluating Sixth Street Specialty Lending as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Sixth Street Specialty Lending's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sixth Street Specialty Lending publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sixth Street Specialty Lending distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sixth Street Specialty Lending are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Sixth Street Specialty Lending sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sixth Street Specialty Lending distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sixth Street Specialty Lending declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Sixth Street Specialty Lending's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sixth Street Specialty Lending's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.