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Sixth Street Specialty Lending, Inc. TSLX · Stock Open Sixth Street Specialty Lending, Inc. in new tab

17.13 USD
P/E
14.69
EPS
1.15
Yield
11.32%
Safety Score
25
P/B
0.99
ROE
6.84
Beta
0.64
Target Price
19.80 USD
Sixth Street Specialty Lending, Inc. logo

Sixth Street Specialty Lending, Inc.

🧾 Earnings Recap – Q1 2026

Shares of Sixth Street Specialty Lending dropped 8.7% following earnings as investors reacted negatively to margin pressure and a cautious outlook amid market-driven volatility and credit spread widening that depressed net asset value.

  • Reported net investment income was $0.42 per share, reflecting an annualized return on equity of 9.9%.
  • Net loss per share of $0.27 included significant unrealized losses driven by wider credit spreads and lower market multiples.
  • Net asset value per share declined 4.3% sequentially to $16.24, with approximately 80% of the drop due to unrealized mark-to-market losses.
  • Activity-based fees fell to $0.05 per share in Q1, below the three-year average of $0.09, reflecting reduced transaction volumes amid market volatility.
  • The company lowered its base dividend from $0.46 to $0.42 per share, citing the need to align dividends with forward earnings power given the uncertain near-term environment.
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Key Metrics
Earnings dateJuly 29, 2026
P/E14.69
EPS1.15
Book Value16.98
Price to Book0.99
Debt/Equity116.90
% Insiders0.461%
Growth
Revenue Growth-0.20%
Earnings Growth-0.43%
Estimates
Forward P/E9.31
Forward EPS1.81
Target Mean Price19.80
Dividend
Dividend Yield11.32%
Annual dividends1.89 USD
Ex-Div. DateJune 15, 2026
Payout154.50%
5y avg Yield7.41%

DCF Valuation

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Sixth Street Specialty Lending, Inc. Logo Sixth Street Specialty Lending, Inc. Analysis (TSLX)

United States Financials Official Website Stock

Is Sixth Street Specialty Lending, Inc. a good investment? Sixth Street Specialty Lending, Inc. (TSLX) is currently trading at 17.13 USD. Market analysts have a consensus price target of 19.80 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 14.69. This relatively low multiple may signal that Sixth Street Specialty Lending, Inc. is undervalued compared to historical market norms.

Earnings Schedule: Sixth Street Specialty Lending, Inc. is expected to release its next earnings report on July 29, 2026. The market consensus estimate for Forward EPS is 1.81.

For income investors, Sixth Street Specialty Lending, Inc. pays a dividend yield of 11.32%. With a payout ratio of 155%, the dividend appears to be under pressure.

Investor FAQ

Does Sixth Street Specialty Lending, Inc. pay a dividend?

Yes, it pays an annual dividend of 1.89 USD (11.32% yield).

What asset class is Sixth Street Specialty Lending, Inc.?

Sixth Street Specialty Lending, Inc. 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 July 29, 2026. The company currently has a trailing EPS of 1.15.

Company Profile

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, growth capital, buyout, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. The fund 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 $1000 million or more and EBITDA between $10 million and $250 million. The debt 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.

Exchange Ticker
NYQ (United States) TSLX
Trades
Dividend Yield
11.32%
5y avg 7.41%
Annual Dividends
1.89USD
Next Ex. Div Date
June 15, 2026
Payout Ratio
154.50%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.74 USD
June 30, 2027 (estimated) 0.3584
March 31, 2027 (estimated) 0.3828
2026
1.46 USD
Dec. 31, 2026 (estimated) 0.3663
Sept. 30, 2026 (estimated) 0.2064
June 30, 2026 0.4200
March 31, 2026 0.4600
March 20, 2026 0.0100
2025
2.05 USD
Dec. 31, 2025 0.4600
Dec. 19, 2025 0.0300
Sept. 30, 2025 0.4600
Sept. 19, 2025 0.0500
June 30, 2025 0.4600
June 20, 2025 0.0600
March 31, 2025 0.4600
March 20, 2025 0.0700
2024
2.09 USD
Dec. 31, 2024 0.4600
Dec. 20, 2024 0.0500
Sept. 30, 2024 0.4600
Sept. 20, 2024 0.0600
June 28, 2024 0.4600
June 20, 2024 0.0600
March 28, 2024 0.4600
March 20, 2024 0.0800
2023
2.10 USD
Dec. 29, 2023 0.4600
Dec. 20, 2023 0.0700
Sept. 29, 2023 0.4600
Sept. 20, 2023 0.0600
June 30, 2023 0.4600
June 20, 2023 0.0400
March 31, 2023 0.4600
March 20, 2023 0.0900
2022
2.25 USD
Dec. 30, 2022 0.4500
Sept. 30, 2022 0.4200
July 15, 2022 0.4100
June 30, 2022 0.0400
April 18, 2022 0.4100
March 31, 2022 0.1100
Jan. 14, 2022 0.4100
2021
3.59 USD
Dec. 31, 2021 0.0700
Dec. 20, 2021 0.5000
Oct. 15, 2021 0.4100
Sept. 30, 2021 0.0200
July 15, 2021 0.4100
June 30, 2021 0.0600
April 15, 2021 0.4100
April 8, 2021 1.2500
March 31, 2021 0.0500
Jan. 15, 2021 0.4100
2020
2.28 USD
Dec. 31, 2020 0.1000
Oct. 15, 2020 0.4100
June 30, 2020 0.6600
April 30, 2020 0.2500
April 15, 2020 0.4100
March 31, 2020 0.0600
Jan. 15, 2020 0.3900
2019
1.81 USD
Dec. 31, 2019 0.0800
Oct. 15, 2019 0.3900
Sept. 30, 2019 0.0400
July 15, 2019 0.3900
June 28, 2019 0.0100
April 15, 2019 0.3900
March 29, 2019 0.1200
Jan. 15, 2019 0.3900
2018
1.78 USD
Dec. 31, 2018 0.0500
Oct. 15, 2018 0.3900
Sept. 28, 2018 0.0800
July 13, 2018 0.3900
June 29, 2018 0.0600
April 13, 2018 0.3900
March 30, 2018 0.0300
Jan. 12, 2018 0.3900
2017
1.75 USD
Dec. 29, 2017 0.0600
Oct. 13, 2017 0.3900
Sept. 29, 2017 0.0900
July 14, 2017 0.3900
June 30, 2017 0.0400
April 28, 2017 0.3900
Jan. 31, 2017 0.3900
2016
1.56 USD
Oct. 31, 2016 0.3900
July 29, 2016 0.3900
April 29, 2016 0.3900
Jan. 29, 2016 0.3900
2015
1.56 USD
Oct. 31, 2015 0.3900
July 31, 2015 0.3900
April 30, 2015 0.3900
Jan. 30, 2015 0.3900
2014
1.14 USD
Oct. 31, 2014 0.3800
July 31, 2014 0.3800
April 30, 2014 0.3800
Upcoming Dividends
Name Payment Date Status Amount
Sixth Street Specialty Lending, Inc. Jun 30, 2026 0.42 USD
Sixth Street Specialty Lending, Inc. Mar 31, 2026 0.46 USD
Sixth Street Specialty Lending, Inc. Mar 20, 2026 0.01 USD
Sixth Street Specialty Lending, Inc. Dec 31, 2025 0.46 USD
Sixth Street Specialty Lending, Inc. Dec 19, 2025 0.03 USD
Sixth Street Specialty Lending, Inc. Sep 30, 2025 0.46 USD
Sixth Street Specialty Lending, Inc. Sep 19, 2025 0.05 USD
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