Oaktree Specialty Lending Corp. (OCSL) to Issue Quarterly Dividend of $0.03 on September 30th

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.03 per share by the credit services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Oaktree Specialty Lending has increased its dividend by an average of 0.1%annually over the last three years. Oaktree Specialty Lending has a payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oaktree Specialty Lending to earn $1.36 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 88.2%.

Oaktree Specialty Lending Trading Up 0.7%

NASDAQ:OCSL opened at $12.67 on Friday. The company has a market capitalization of $1.12 billion, a P/E ratio of 26.40 and a beta of 0.50. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.68. Oaktree Specialty Lending has a 12 month low of $10.63 and a 12 month high of $14.31. The firm has a fifty day simple moving average of $12.50 and a 200-day simple moving average of $12.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $69.15 million for the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a return on equity of 9.70% and a net margin of 14.45%. On average, equities research analysts anticipate that Oaktree Specialty Lending will post 1.51 earnings per share for the current year.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a business development company that provides financing to middle-market companies. The company seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities, with an emphasis on credit opportunities that may be underserved by traditional lenders.

OCSL primarily invests in first-lien and second-lien loans, subordinated debt, and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses in the United States.