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11.39 USD
P/E
30.39
EPS
0.36
Yield
14.22%
Safety Score
10
P/B
0.67
ROE
2.24
Beta
0.58
Target Price
12.77 USD
Oaktree Specialty Lending Corporation logo

Oaktree Specialty Lending Corporation

🧾 Earnings Recap – Q1 2026

Oaktree Specialty Lending Corporation reported solid first-quarter results for fiscal 2026, with adjusted net investment income increasing to $36.1 million, fully covering the quarterly dividend amidst stable earnings despite lower base rates.

  • Adjusted net investment income rose to 41¢ per share, marking a modest increase from the previous quarter, with a declared dividend of 40¢ per share.
  • Funded investments totaled $314 million, a significant increase from $220 million in the prior quarter, with strong average all-in spreads and yields.
  • Nonaccruals remained stable, down nearly 85 basis points year-over-year, accounting for 3.1% of the total debt portfolio at fair value.
  • The company is optimistic about restructuring nonaccrual positions and converting them into income-producing investments.
  • Market trends show increasing bifurcation, with resilient businesses enjoying capital access, while underperformers face liquidity challenges; expectations for improved middle-market M&A activity are rising.
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Key Metrics
Earnings dateMay 7, 2026
P/E30.39
EPS0.36
Book Value16.30
Price to Book0.67
Debt/Equity112.40
% Insiders0.297%
Growth
Revenue Growth-0.13%
Earnings Growth-0.28%
Estimates
Forward P/E7.43
Forward EPS1.47
Target Mean Price12.77
Dividend
Dividend Yield14.22%
Annual dividends1.62 USD
Ex-Div. DateMarch 16, 2026
Payout428.99%
5y avg Yield9.75%

DCF Valuation

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DCF Result

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Current Price
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Terminal PV
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Oaktree Specialty Lending Corporation Logo Oaktree Specialty Lending Corporation Analysis (OCSL)

United States Financials Official Website Stock

Is Oaktree Specialty Lending Corporation a good investment? Oaktree Specialty Lending Corporation (OCSL) is currently trading at 11.39 USD. Market analysts have a consensus price target of 12.77 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 30.39. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Oaktree Specialty Lending Corporation is expected to release its next earnings report on May 7, 2026. The market consensus estimate for Forward EPS is 1.47.

For income investors, Oaktree Specialty Lending Corporation pays a dividend yield of 14.22%. With a payout ratio of 429%, the dividend appears to be under pressure.

Investor FAQ

Does Oaktree Specialty Lending Corporation pay a dividend?

Yes, it pays an annual dividend of 1.62 USD (14.22% yield).

What asset class is Oaktree Specialty Lending Corporation?

Oaktree Specialty Lending Corporation is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 7, 2026. The company currently has a trailing EPS of 0.36.

Company Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering. The firm also seeks investment in media, advertising sectors, software, IT services, pharmaceuticals, biotechnology, real estate management and development, chemicals, machinery, and internet and direct marketing retail sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies. The firm invest in companies having enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies.

Exchange Ticker
NMS (United States) OCSL
Dividend Yield

14.22% (5y avg: 9.75%)

Annual Dividends

1.62 USD

Next ex. div date

March 16, 2026

Payout Ratio

428.99%

Historical Dividends
Year Total Dividends
2027 0.48 USD
2026 2.01 USD
2025 1.69 USD
2024 2.20 USD
2023 2.27 USD
2022 0.82 USD
2021 0.55 USD
2020 0.41 USD
2019 0.38 USD
2018 0.37 USD
2017 0.41 USD
2016 0.72 USD
2015 0.69 USD
2014 1.03 USD
2013 1.10 USD
2012 1.15 USD
2011 1.28 USD
2010 1.04 USD
2009 1.15 USD
2008 0.63 USD

Yearly aggregated dividends

Dividends

Oaktree Specialty Lending Corporation
Mar 31, 2026 Paid
Dividend
0.4 USD
Oaktree Specialty Lending Corporation
Dec 31, 2025 Paid
Dividend
0.4 USD
Oaktree Specialty Lending Corporation
Sep 30, 2025 Paid
Dividend
0.4 USD
Oaktree Specialty Lending Corporation
Jun 30, 2025 Paid
Dividend
0.42 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
Jan. 23, 2023 0.330000
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