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11.70 USD
P/E
20.37
EPS
0.59
Yield
13.73%
Safety Score
2
P/B
0.74
ROE
2.24
Beta
0.59
Target Price
12.43 USD
Oaktree Specialty Lending Corporation logo

Oaktree Specialty Lending Corporation

🧾 Earnings Recap – Q2 2026

Shares declined 3.0% as investors reacted negatively to margin pressure and lower adjusted net investment income per share, reflecting cautious leverage management and persistent markdowns in software loans.

  • Net asset value per share declined to $15.69 from $16.30 in the prior quarter, primarily due to a 310 basis point markdown in performing software loans.
  • Adjusted net investment income fell to $0.38 per share from $0.41, driven by lower reference rates, reduced nonrecurring income, and conservative leverage positioning below the midpoint of the target range.
  • Nonaccruals improved, decreasing from 3.1% to 2.6% of the debt portfolio, aided by post-quarter legacy loan sales.
  • Liquidity increased to $671 million, up $100 million quarter-over-quarter, supporting flexibility amid market volatility.
  • The Board adjusted the base dividend down to $0.30 per share but maintained a supplemental dividend tied to excess adjusted net investment income.
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Key Metrics
Earnings dateAug. 4, 2026
P/E20.37
EPS0.59
Book Value16.30
Price to Book0.74
Debt/Equity112.40
% Insiders0.297%
Growth
Revenue Growth-0.13%
Earnings Growth-0.28%
Estimates
Forward P/E8.51
Forward EPS1.41
Target Mean Price12.43
Dividend
Dividend Yield13.73%
Annual dividends1.62 USD
Ex-Div. DateJune 15, 2026
Payout272.91%
5y avg Yield9.75%

DCF Valuation

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DCF Result

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Current Price
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Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

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 11.70 USD. Market analysts have a consensus price target of 12.43 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 20.37. This valuation is generally in line with the broader market.

Earnings Schedule: Oaktree Specialty Lending Corporation is expected to release its next earnings report on Aug. 4, 2026. The market consensus estimate for Forward EPS is 1.41.

For income investors, Oaktree Specialty Lending Corporation pays a dividend yield of 13.73%. With a payout ratio of 273%, 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 (13.73% 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 Aug. 4, 2026. The company currently has a trailing EPS of 0.59.

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

13.73% (5y avg: 9.75%)

Annual Dividends

1.62 USD

Next ex. div date

June 15, 2026

Payout Ratio

272.91%

Historical Dividends
Year Total Dividends
2027 0.47 USD
2026 1.70 USD
2025 1.69 USD
2024 2.20 USD
2023 2.27 USD
2022 2.45 USD
2021 1.65 USD
2020 1.21 USD
2019 1.14 USD
2018 1.11 USD
2017 1.23 USD
2016 2.16 USD
2015 2.08 USD
2014 3.10 USD
2013 3.32 USD
2012 3.46 USD
2011 3.85 USD
2010 3.12 USD
2009 3.45 USD
2008 1.89 USD

Yearly aggregated dividends

Dividends

Oaktree Specialty Lending Corporation
Jun 30, 2026 Upcoming
Dividend
0.34 USD
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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