Oaktree Specialty Lending Co. Plans Quarterly Dividend of $0.40 (NASDAQ:OCSL)

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.40 per share by the credit services provider on Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 10.34%. The ex-dividend date of this dividend is Monday, March 17th.

Oaktree Specialty Lending has a payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Oaktree Specialty Lending to earn $1.98 per share next year, which means the company may not be able to cover its $2.20 annual dividend with an expected future payout ratio of 111.1%.

Oaktree Specialty Lending Trading Down 0.5 %

Shares of NASDAQ:OCSL traded down $0.07 during trading hours on Friday, hitting $15.48. 886,241 shares of the company's stock traded hands, compared to its average volume of 611,829. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.19. The business has a fifty day moving average price of $15.59 and a 200-day moving average price of $16.14. Oaktree Specialty Lending has a 1 year low of $14.89 and a 1 year high of $20.43. The firm has a market capitalization of $1.27 billion, a P/E ratio of 23.10 and a beta of 1.08.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm had revenue of $86.65 million for the quarter, compared to analysts' expectations of $91.93 million. During the same period in the prior year, the business posted $0.57 earnings per share. The business's revenue for the quarter was down 11.6% on a year-over-year basis. Equities analysts expect that Oaktree Specialty Lending will post 2.07 earnings per share for the current year.

Analysts Set New Price Targets

OCSL has been the subject of several research reports. JMP Securities cut shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price on the stock. in a research report on Wednesday, December 11th. Finally, Oppenheimer reaffirmed a "market perform" rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and an average target price of $16.75.

Oaktree Specialty Lending 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.