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Sixth Street Specialty Lending, Inc. (TSLX)

Financial Services | Asset Management | Dallas, United States | NYSE
17.06 USD -0.13 (-0.756%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★⯪☆☆
Hot Take | July 11, 2026, 6 a.m. EDT

Sixth Street Specialty Lending presents a classic value trap scenario wrapped in an attractive yield. The company's fundamentals are deteriorating, evidenced by a sharp 19.7% contraction in revenue and a trailing P/E of 14.4x that masks the lack of growth. While the 10% dividend yield is compelling, the payout ratio of 173% is unsustainable and signals that the dividend is likely being funded by balance sheet drawdowns rather than organic earnings; this is a warning sign for long-term holders. The stock has recovered significantly over the last nine years (+42%), but the recent price action shows it trading below both its 50-day and 200-day averages, confirming a loss of momentum. The options market reinforces this caution, with heavy put buying suggesting investors are worried about further declines. Given the shrinking top line and excessive payout ratio, the stock warrants a hold for income seekers who can tolerate the risk of a cut, but it lacks the fundamental strength for a confident buy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.089660
MSTL0.090670
AutoETS0.090699
AutoARIMA0.090700

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 44%
H-stat 4.36
Ljung-Box p 0.000
Jarque-Bera p 0.003
Excess Kurtosis 1.12
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-06-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 116.9
Revenue per Share 4.516
Market Cap 1,621,034,368
Trailing P/E 14.83
Forward P/E 9.39
Beta 0.64
Profit Margins 25.24%
Website https://www.sixthstreetspecialtylending.com

As of July 11, 2026, 6 a.m. EDT: Speculators are positioning for a range-bound scenario with a distinct skew toward downside protection. While call open interest is heavily concentrated at the money (17.5 strike), put open interest is significantly elevated at strikes 15.0 and 17.5 across multiple expirations, particularly for the December contract where deep out-of-the-money puts show notable accumulation. This structure suggests hedging against further weakness rather than aggressive bets on a rally, despite the high implied volatility on near-term calls indicating some fear of a spike.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.56% 9.63% 9.81% 10.19%
Dividend History
Date Dividend Yield %
2026-06-15 0.42 2.560976
2026-03-16 0.46 2.603282
2026-02-27 0.01 0.057737
2025-12-15 0.46 2.103338
2025-11-28 0.03 0.137489
2025-09-15 0.46 1.965812
2025-08-29 0.05 0.204499
2025-06-16 0.46 2.046263
2025-05-30 0.06 0.257621
2025-03-14 0.46 2.111060
2025-02-28 0.07 0.297746
2024-12-16 0.46 2.227603
2024-11-29 0.05 0.232775
2024-09-16 0.46 2.204121
2024-08-30 0.06 0.282486
2024-06-14 0.46 2.189434
2024-05-31 0.06 0.272603
2024-03-14 0.46 2.240623
2024-02-28 0.08 0.367816
2023-12-14 0.46 2.157599
2023-11-29 0.07 0.337349
2023-09-14 0.46 2.281746
2023-08-30 0.06 0.297471
2023-06-14 0.46 2.475780
2023-05-30 0.04 0.218699
2023-03-14 0.46 2.633085
2023-02-27 0.09 0.473684
2022-12-14 0.45 2.542373
2022-09-14 0.42 2.317881
2022-06-14 0.41 2.179692
2022-05-27 0.04 0.189934
2022-03-14 0.41 1.814962
2022-02-25 0.11 0.470085
2021-12-14 0.41 1.822222
2021-12-06 0.50 2.142245
2021-11-29 0.07 0.291181
2021-09-14 0.41 1.858568
2021-08-30 0.02 0.087184
2021-06-14 0.41 1.834452
2021-05-27 0.06 0.269542
2021-03-24 1.25 5.969436
2021-03-12 0.41 1.828724
2021-02-25 0.05 0.230947
2020-12-14 0.41 2.000000
2020-11-27 0.10 0.481928
2020-09-14 0.41 2.396259
2020-06-12 0.66 3.750000
2020-04-14 0.25 1.649077
2020-03-12 0.41 2.372685
2020-02-27 0.06 0.277906
2019-12-12 0.39 1.817335
2019-11-27 0.08 0.373657
2019-09-12 0.39 1.888620
2019-08-29 0.04 0.191663
2019-06-13 0.39 1.956849
2019-05-30 0.01 0.050556
2019-03-14 0.39 1.976685
2019-02-27 0.12 0.588813
2018-12-13 0.39 2.009274
2018-11-29 0.05 0.244141
2018-09-13 0.39 1.939334
2018-08-30 0.08 0.399003
2018-06-14 0.39 2.157080
2018-05-30 0.06 0.319149
2018-03-14 0.39 2.171492
2018-02-27 0.03 0.164384
2017-12-14 0.39 1.926877
2017-11-29 0.06 0.291262
2017-09-14 0.39 1.954887
2017-08-29 0.09 0.430622
2017-06-13 0.39 1.896887
2017-05-26 0.04 0.192957
2017-04-05 0.39 1.915521
2016-12-28 0.39 2.125341
2016-09-28 0.39 2.182429
2016-06-28 0.39 2.359347
2016-03-29 0.39 2.394107
2015-12-29 0.39 2.362205
2015-09-28 0.39 2.342342
2015-06-26 0.39 2.228571
2015-03-27 0.39 2.247839
2014-12-29 0.39 2.317291
2014-09-26 0.38 2.244536
2014-06-26 0.38 2.029915
2014-03-27 0.38 2.324159
Additional Data
dividendRate 1.68
dividendYield 9.77
exDividendDate 2026-06-15
trailingAnnualDividendRate 1.99
trailingAnnualDividendYield 0.115764976
lastDividendValue 0.42
lastDividendDate 2026-06-15
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change -0.2949139
Address1 2,100 McKinney Avenue
Address2 Suite 1500
All Time High 25.17
All Time Low 11.25
Ask 17.15
Ask Size 100
Average Analyst Rating 1.5 - Buy
Average Daily Volume10 Day 675,820
Average Daily Volume3 Month 741,285
Average Volume 741,285
Average Volume10Days 675,820
Beta 0.635
Bid 16.55
Bid Size 200
Book Value 16.235
City Dallas
Country United States
Crypto Tradeable 0
Currency USD
Current Price 17.06
Current Ratio 3.387
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 17.44
Day Low 16.91
Debt To Equity 116.9
Display Name Sixth Street Specialty Lending
Dividend Date 1,782,777,600
Dividend Rate 1.68
Dividend Yield 9.77
Earnings Call Timestamp End 1,785,960,000
Earnings Call Timestamp Start 1,785,960,000
Earnings Timestamp 1,785,873,600
Earnings Timestamp End 1,785,873,600
Earnings Timestamp Start 1,785,873,600
Ebitda Margins 0.0
Enterprise To Revenue 8.034
Enterprise Value 3,423,319,296
Eps Current Year 1.71679
Eps Forward 1.81772
Eps Trailing Twelve Months 1.15
Esg Populated 0
Ex Dividend Date 1,781,481,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 469-621-3002
Fifty Day Average 17.4366
Fifty Day Average Change -0.37660027
Fifty Day Average Change Percent -0.021598263
Fifty Two Week Change Percent -29.491388
Fifty Two Week High 25.17
Fifty Two Week High Change -8.110001
Fifty Two Week High Change Percent -0.322209
Fifty Two Week Low 16.04
Fifty Two Week Low Change 1.0199986
Fifty Two Week Low Change Percent 0.06359093
Fifty Two Week Range 16.04 - 25.17
Financial Currency USD
First Trade Date Milliseconds 1,395,408,600,000
Five Year Avg Dividend Yield 6.82
Forward Eps 1.81772
Forward P E 9.385384
Free Cashflow 130,637,000
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 426,103,008
Has Pre Post Market Data 1
Held Percent Insiders 0.00461
Held Percent Institutions 0.57522
Implied Shares Outstanding 95,019,600
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.42
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Sixth Street Specialty Lending, Inc.
Market us_market
Market Cap 1,621,034,368
Market State PRE
Max Age 86,400
Message Board Id finmb_118302832
Most Recent Quarter 1,774,915,200
Net Income To Common 107,537,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,621,034,376
Number Of Analyst Opinions 11
Open 17.19
Operating Cashflow 228,304,000
Operating Margins 0.74204004
Payout Ratio 1.7304
Peg Ratio 1.28
Phone 469-621-3001
Pre Market Change 0.040000916
Pre Market Change Percent 0.23447196
Pre Market Price 17.1
Pre Market Time 1,784,025,467
Previous Close 17.19
Price Eps Current Year 9.93715
Price Hint 2
Price To Book 1.050816
Price To Sales Trailing12 Months 3.804325
Profit Margins 0.25237
Quick Ratio 1.515
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.54545
Region US
Regular Market Change -0.130001
Regular Market Change Percent -0.75626
Regular Market Day High 17.44
Regular Market Day Low 16.91
Regular Market Day Range 16.91 - 17.44
Regular Market Open 17.19
Regular Market Previous Close 17.19
Regular Market Price 17.06
Regular Market Time 1,783,972,803
Regular Market Volume 529,314
Return On Assets 0.058379997
Return On Equity 0.06841
Revenue Growth -0.197
Revenue Per Share 4.516
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 95,019,600
Shares Percent Shares Out 0.0759
Shares Short 7,210,878
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 7,628,031
Short Name Sixth Street Specialty Lending,
Short Percent Of Float 0.0789
Short Ratio 8.94
Source Interval 15
State TX
Symbol TSLX
Target High Price 24.0
Target Low Price 16.5
Target Mean Price 19.70455
Target Median Price 19.5
Total Cash 1,106,000
Total Cash Per Share 0.012
Total Debt 1,803,390,976
Total Revenue 426,103,008
Tradeable 0
Trailing Annual Dividend Rate 1.99
Trailing Annual Dividend Yield 0.115764976
Trailing Eps 1.15
Trailing P E 14.834783
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 19.8221
Two Hundred Day Average Change -2.7621002
Two Hundred Day Average Change Percent -0.13934448
Type Disp Equity
Volume 529,314
Website https://www.sixthstreetspecialtylending.com
Zip 75,201