Sixth Street Specialty Lending's most recent quarterly dividend payment of $0.46 per share was made to shareholders on record before Mar 14, 2024. The payout stands at $1.46 per share annually, which works out to a dividend yield of 6.91%.
Sixth Street Specialty Lending's dividend yield of 6.91% is above the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 3.41%, Sixth Street Specialty Lending's dividend yield is 103% higher. The current dividend yield is similar to the historical average of 7.0% of the last 5 years.
Sixth Street Specialty Lending has been paying dividends for the last ten years. According to our data TSLX has issued nine dividends in the last twelve months. This includes seven regular and two special dividends. The annualized DPS has decreased by 16% for the last year. And since the stock price has gone up by 16% from a year ago, the dividend yield has decreased by 28%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Mar 28, 2024 | Feb 15, 2024 | $0.46 | normal |
| Feb 28, 2024 | Mar 20, 2024 | Feb 15, 2024 | $0.08 | normal |
| Feb 14, 2024 | Feb 28, 2024 | $0.46 | normal | |
| Dec 14, 2023 | Dec 29, 2023 | Nov 2, 2023 | $0.46 | normal |
| Nov 29, 2023 | Dec 20, 2023 | Nov 2, 2023 | $0.07 | normal |
| Sep 14, 2023 | Sep 29, 2023 | Aug 3, 2023 | $0.46 | normal |
| Aug 30, 2023 | Sep 20, 2023 | Aug 3, 2023 | $0.06 | special |
| Jun 14, 2023 | Jun 30, 2023 | May 8, 2023 | $0.46 | normal |
| May 30, 2023 | Jun 20, 2023 | May 8, 2023 | $0.04 | special |
| Mar 14, 2023 | Mar 31, 2023 | Feb 16, 2023 | $0.46 | normal |
| Feb 27, 2023 | Mar 20, 2023 | Feb 16, 2023 | $0.09 | special |
| Dec 14, 2022 | Dec 30, 2022 | Nov 1, 2022 | $0.45 | normal |
| Sep 14, 2022 | Sep 30, 2022 | Aug 2, 2022 | $0.42 | normal |
| Jun 14, 2022 | Jul 15, 2022 | May 3, 2022 | $0.41 | normal |
| May 27, 2022 | Jun 30, 2022 | May 3, 2022 | $0.04 | normal |
| Mar 14, 2022 | Apr 18, 2022 | Feb 17, 2022 | $0.41 | normal |
| Feb 25, 2022 | Mar 31, 2022 | Feb 17, 2022 | $0.11 | special |
| Dec 14, 2021 | Jan 14, 2022 | Nov 2, 2021 | $0.41 | normal |
| Dec 6, 2021 | Dec 20, 2021 | Nov 2, 2021 | $0.5 | special |
| Nov 29, 2021 | Dec 31, 2021 | Nov 2, 2021 | $0.07 | normal |
| Sep 14, 2021 | Oct 15, 2021 | Aug 3, 2021 | $0.41 | normal |
| Aug 30, 2021 | Sep 30, 2021 | Aug 3, 2021 | $0.02 | special |
| Jun 14, 2021 | Jul 15, 2021 | May 4, 2021 | $0.41 | normal |
| May 27, 2021 | Jun 30, 2021 | May 4, 2021 | $0.06 | special |
| Mar 24, 2021 | Apr 8, 2021 | Feb 17, 2021 | $1.25 | special |
| Mar 12, 2021 | Apr 15, 2021 | Feb 17, 2021 | $0.41 | normal |
| Feb 25, 2021 | Mar 31, 2021 | Feb 17, 2021 | $0.05 | special |
| Dec 14, 2020 | Jan 15, 2021 | Nov 4, 2020 | $0.41 | normal |
| Nov 27, 2020 | Dec 31, 2020 | Nov 4, 2020 | $0.1 | special |
| Sep 14, 2020 | Oct 15, 2020 | Aug 4, 2020 | $0.41 | normal |
| Jun 12, 2020 | Jul 15, 2020 | Feb 19, 2020 | $0.25 | special |
| Jun 12, 2020 | Jul 15, 2020 | May 5, 2020 | $0.41 | normal |
| Apr 14, 2020 | Apr 30, 2020 | Feb 19, 2020 | $0.25 | special |
| Mar 12, 2020 | Apr 15, 2020 | Feb 19, 2020 | $0.41 | normal |
| Feb 27, 2020 | Mar 31, 2020 | Feb 19, 2020 | $0.06 | normal |
| Dec 12, 2019 | Jan 15, 2020 | Nov 5, 2019 | $0.39 | normal |
| Nov 27, 2019 | Dec 31, 2019 | Nov 5, 2019 | $0.08 | normal |
| Sep 12, 2019 | Oct 15, 2019 | Jul 31, 2019 | $0.39 | normal |
| Aug 29, 2019 | Sep 30, 2019 | Jul 31, 2019 | $0.04 | normal |
| Jun 13, 2019 | Jul 15, 2019 | May 2, 2019 | $0.39 | normal |
| May 30, 2019 | Jun 28, 2019 | May 2, 2019 | $0.01 | normal |
| Mar 14, 2019 | Apr 15, 2019 | Feb 20, 2019 | $0.39 | normal |
| Feb 27, 2019 | Mar 29, 2019 | Feb 20, 2019 | $0.12 | special |
| Dec 13, 2018 | Jan 15, 2019 | Nov 6, 2018 | $0.39 | normal |
| Nov 29, 2018 | Dec 31, 2018 | Nov 6, 2018 | $0.05 | special |
| Sep 13, 2018 | Oct 15, 2018 | Aug 1, 2018 | $0.39 | normal |
| Aug 30, 2018 | Sep 28, 2018 | Aug 1, 2018 | $0.08 | normal |
| Jun 14, 2018 | Jul 13, 2018 | May 3, 2018 | $0.39 | normal |
| May 30, 2018 | Jun 29, 2018 | May 3, 2018 | $0.06 | normal |
| Mar 14, 2018 | Apr 13, 2018 | Feb 21, 2018 | $0.39 | normal |
| Feb 27, 2018 | Mar 30, 2018 | Feb 21, 2018 | $0.03 | special |
| Dec 14, 2017 | Jan 12, 2018 | Nov 7, 2017 | $0.39 | normal |
| Nov 29, 2017 | Dec 29, 2017 | Nov 7, 2017 | $0.06 | special |
| Sep 14, 2017 | Oct 13, 2017 | Aug 2, 2017 | $0.39 | normal |
| Aug 29, 2017 | Sep 29, 2017 | Aug 2, 2017 | $0.09 | normal |
| Jun 13, 2017 | Jul 14, 2017 | May 3, 2017 | $0.39 | normal |
| May 26, 2017 | Jun 30, 2017 | May 3, 2017 | $0.04 | normal |
| Apr 5, 2017 | Apr 28, 2017 | Feb 22, 2017 | $0.39 | normal |
| Dec 28, 2016 | Jan 31, 2017 | Nov 7, 2016 | $0.39 | normal |
| Sep 28, 2016 | Oct 31, 2016 | Aug 3, 2016 | $0.39 | normal |
Sixth Street Specialty Lending's payout ratio of 55.9% is above the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 39.6%, Sixth Street Specialty Lending's payout ratio is 41% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ORC Orchid Island Capital Inc | 19.2% | $1.68 | N/A |
| TSLX Sixth Street Specialty Lending Inc | 6.73% | $1.46 | 55.9% |
Yes, Sixth Street Specialty Lending has paid nine dividends in the last 12 months. TSLX has been paying dividends since 2014.
TSLX hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in June 2024.
Sixth Street Specialty Lending's last regular dividend was on Mar 14, 2024 (ex-date) with the amount of $0.46 per share.
On an annual basis TSLX pays $1.46 per share.
Currently Sixth Street Specialty Lending's dividend yield is 6.91%.
Sixth Street Specialty Lending pays four dividends per year (excluding specials).
The dividend payout ratio of Sixth Street Specialty Lending is 55.9%.
Sixth Street Specialty Lending's dividend yield is more than the Financial Services sector average.