Sixth Street Specialty Lending has declared a quarterly dividend of $0.46 per share, in line with previous dividends, and a supplemental dividend of $0.05. The quarterly dividend will be payable on September 30 for shareholders of record on September 15. The supplemental dividend will be payable on September 19.
Sixth Street Specialty Lending, Inc. (TSLX) has announced its quarterly dividend for the second quarter of 2025, maintaining its commitment to shareholders. The company declared a base quarterly dividend of $0.46 per share, payable on September 30, for shareholders of record on September 15. Additionally, a supplemental dividend of $0.05 per share was declared, payable on September 19, to shareholders of record on August 29. This announcement follows the company's strong Q2 2025 earnings report, where it surpassed Wall Street's expectations [1].
The earnings per share (EPS) for the second quarter was $0.56, exceeding the forecasted $0.53, marking a 5.66% surprise. Revenue reached $115 million, surpassing the anticipated $110.94 million by 3.66% [1]. The company's stock price rose 2.37% in after-hours trading following the earnings release, closing at $24.39 [1].
The company's financial highlights included an adjusted net investment income of $0.56 per share and an adjusted net income of $0.64 per share. The total investments stood at $3.3 billion, slightly down from the previous quarter's $3.4 billion [1]. Despite a muted M&A market and a 31% decline in loan volume in Q2, Sixth Street managed to increase its net asset value and deliver a total economic return significantly above the sector average [1].
The company expects its quarterly earnings power to exceed its base dividend level, with improvements in credit quality anticipated. Despite potential sector-wide dividend cuts, Sixth Street forecasts its full-year return on equity to be in the upper half of the 11.5% to 12.5% range [1].
References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-sixth-street-specialty-lending-beats-q2-2025-forecasts-93CH-4163958
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