TPG Specialty Lending, Inc. (NYSE:TSLX) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.41 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 9.58 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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TPG Specialty Lending, Inc. recently reported second quarter financial results on August 4, 2020, after market close, the San Francisco based company disclosed income for the second quarter of $ 0.59 per share, from the revenue of $ 70.23 million. The quarterly earnings raised 25.53 percent while revenues surged 20.32 percent compared with the same quarter last year.
Wall street analysts are predicting, TSLX to report 2Q20 income of $ 0.47 per share from revenue of $ 61.81 million. The bottom line results beat street analysts by $ 0.12 or 25.53 percent, at the same time, top line results outshined analysts by $ 8.42 million or 13.62 percent.
Stock Performance
Shares of TPG Specialty Lending, Inc. traded up $ 0.13 or 0.77 percent on Thursday, reaching $ 17.12 with volume of 343.30 thousand shares. TPG Specialty Lending, Inc. has traded high as $ 17.19 and has cracked $ 16.99 on the downward trend
According to the previous trading day, closing price of $ 17.12, representing a 51.02 % increase from the 52 week low of $ 11.25 and a 28.22 % decrease over the 52 week high of $ 23.67.
The company has a market capital of $ 1.16 billion and is part of the Financial Services sector and Asset Management industry.
TPG Specialty Lending, Inc. is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
