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Oaktree Specialty Lending Corporation OCSL · Stock Open Oaktree Specialty Lending Corporation in new tab

11.68 USD
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P/E
20.17
EPS
0.58
Yield
12.61%
Safety Score
2
P/B
0.75
ROE
3.48
Beta
0.57
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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1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateAug. 4, 2026
P/E20.17
EPS0.58
Book Value15.69
Price to Book0.75
Debt/Equity107.62
% Insiders0.300%
Growth
Revenue Growth-0.09%
Earnings Growth-0.28%
Estimates
Forward P/E8.53
Forward EPS1.37
Target Mean Price12.43
Dividend
Dividend Yield12.61%
Annual dividends1.54 USD
Ex-Div. DateJune 15, 2026
Payout272.91%
5y avg Yield9.75%

DCF Valuation

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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 11.68 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 20.17. 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 1.37.

For income investors, Oaktree Specialty Lending Corporation pays a dividend yield of 12.61%. 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 1.54 USD (12.61% 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 0.58.

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
Trades
Dividend Yield
12.61%
5y avg 9.75%
Annual Dividends
1.54USD
Next Ex. Div Date
June 15, 2026
Payout Ratio
272.91%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
0.88 USD
June 30, 2027 (estimated) 0.4036
March 31, 2027 (estimated) 0.4742
▸2026
1.70 USD
Dec. 29, 2026 (estimated) 0.5007
Sept. 30, 2026 (estimated) 0.4632
June 30, 2026 0.3400
March 31, 2026 0.4000
▸2025
1.69 USD
Dec. 31, 2025 0.4000
Sept. 30, 2025 0.4000
June 30, 2025 0.4200
March 31, 2025 0.4700
▸2024
2.20 USD
Dec. 31, 2024 0.5500
Sept. 30, 2024 0.5500
June 28, 2024 0.5500
March 29, 2024 0.5500
▸2023
2.27 USD
Dec. 29, 2023 0.6200
Sept. 29, 2023 0.5500
June 30, 2023 0.5500
March 31, 2023 0.5500
▸2022
2.45 USD
Dec. 30, 2022 0.9600
Sept. 30, 2022 0.5100
June 30, 2022 0.4950
March 31, 2022 0.4800
▸2021
1.65 USD
Dec. 31, 2021 0.4650
Sept. 30, 2021 0.4350
June 30, 2021 0.3900
March 31, 2021 0.3600
▸2020
1.21 USD
Dec. 31, 2020 0.3300
Sept. 30, 2020 0.3150
June 30, 2020 0.2850
March 31, 2020 0.2850
▸2019
1.14 USD
Dec. 31, 2019 0.2850
Sept. 30, 2019 0.2850
June 28, 2019 0.2850
March 29, 2019 0.2850
▸2018
1.11 USD
Dec. 28, 2018 0.2850
Sept. 28, 2018 0.2850
June 29, 2018 0.2850
March 30, 2018 0.2550
▸2017
1.23 USD
Dec. 29, 2017 0.3750
Sept. 29, 2017 0.3750
June 30, 2017 0.0600
March 31, 2017 0.0600
Feb. 28, 2017 0.1800
Jan. 31, 2017 0.1800
▸2016
2.16 USD
Dec. 30, 2016 0.1800
Nov. 30, 2016 0.1800
Oct. 31, 2016 0.1800
Sept. 30, 2016 0.1800
Aug. 31, 2016 0.1800
July 29, 2016 0.1800
June 30, 2016 0.1800
May 31, 2016 0.1800
April 29, 2016 0.1800
March 31, 2016 0.1800
Feb. 26, 2016 0.1800
Jan. 28, 2016 0.1800
▸2015
2.08 USD
Dec. 30, 2015 0.1800
Nov. 30, 2015 0.1800
Oct. 30, 2015 0.1800
Sept. 30, 2015 0.1800
Aug. 31, 2015 0.1800
July 31, 2015 0.1800
June 30, 2015 0.1800
May 29, 2015 0.1800
April 30, 2015 0.1800
March 31, 2015 0.1800
Jan. 30, 2015 0.2760
▸2014
3.10 USD
Dec. 30, 2014 0.2760
Nov. 28, 2014 0.2760
Oct. 31, 2014 0.2760
Sept. 30, 2014 0.2760
Aug. 29, 2014 0.2490
July 31, 2014 0.2490
June 30, 2014 0.2490
May 30, 2014 0.2490
April 30, 2014 0.2490
March 31, 2014 0.2490
Feb. 28, 2014 0.2490
Jan. 31, 2014 0.2490
▸2013
3.32 USD
Dec. 30, 2013 0.1500
Nov. 29, 2013 0.2880
Oct. 31, 2013 0.2880
Sept. 30, 2013 0.2880
Aug. 30, 2013 0.2880
July 31, 2013 0.2880
June 28, 2013 0.2880
May 31, 2013 0.2880
April 30, 2013 0.2880
March 29, 2013 0.2880
Feb. 28, 2013 0.2880
Jan. 31, 2013 0.2880
▸2012
3.46 USD
Dec. 28, 2012 0.2880
Nov. 30, 2012 0.2880
Oct. 31, 2012 0.2880
Sept. 28, 2012 0.2880
Aug. 31, 2012 0.2880
July 31, 2012 0.2880
June 29, 2012 0.2880
May 31, 2012 0.2880
April 30, 2012 0.2880
March 30, 2012 0.2880
Feb. 29, 2012 0.2880
Jan. 31, 2012 0.2880
▸2011
3.85 USD
Dec. 23, 2011 0.3210
Nov. 30, 2011 0.3210
Oct. 31, 2011 0.3210
Sept. 30, 2011 0.3210
Aug. 31, 2011 0.3210
July 29, 2011 0.3210
June 30, 2011 0.3210
May 31, 2011 0.3210
April 29, 2011 0.3210
March 31, 2011 0.3210
Feb. 28, 2011 0.3210
Jan. 31, 2011 0.3210
▸2010
3.12 USD
Dec. 29, 2010 0.3300
Nov. 24, 2010 0.3300
Oct. 27, 2010 0.3000
Sept. 29, 2010 0.3000
June 30, 2010 0.9600
March 30, 2010 0.9000
▸2009
3.45 USD
Dec. 29, 2009 0.8100
Sept. 25, 2009 0.7500
June 25, 2009 0.7500
Jan. 29, 2009 1.1400
▸2008
1.89 USD
Dec. 29, 2008 0.9600
Sept. 26, 2008 0.9300
Upcoming Dividends
Name Payment Date Status Amount
Oaktree Specialty Lending Corporation Jun 30, 2026 0.34 USD
Oaktree Specialty Lending Corporation Mar 31, 2026 0.4 USD
Oaktree Specialty Lending Corporation Dec 31, 2025 0.4 USD
Oaktree Specialty Lending Corporation Sep 30, 2025 0.4 USD
Stock Splits
Split Date Split Ratio to 1
Jan. 23, 2023 0.330000
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