Image Source: Sixth Street Specialty Lending Inc () is a specialty business development finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the United States. It partners with companies across a variety of industries and excels at providing creative solutions to companies with complex business models that may have limited access to capital.The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.The company began investing On July 11, 2011 and is based in Dallas, TX.Three key data points gauge TSLX or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.TSLX PriceOver the past year, Sixth Street Specialty Lending’s share price rose $0.03 from $20.43 to $20.46 as of Thursday’s market close. In the past 10 years, the company’s share price has never been less than $11.30 nor higher than $22.35.If shares trade in the range of $19.00 to $24.00 this next year, the recent $20.46 share price might reach $22.50. Of course, TSLX’s price could also drop about the same $2.04 estimated amount or more.My $2.04 upside estimate is $0.15 less than the median of 1-year price targets estimated by ten analysts tracking TSLX for brokers.TSLX DividendSixth Street Specialty has paid mostly quarterly (supplemented by special) dividends since April 2014, The most recent $0.46 Q dividend was declared July 31st, for shareholders of record September 16th, and the dividend was paid September 30th. A forward-looking $2.08 annual dividend yields 10.17% at Thursday’s closing price.TSLX ReturnsPutting it all together, a $4.12 estimated one-year gross gain per share shows up by adding Sixth Street Specialty’s $2.08 estimated annual dividend to the estimated price upside of $2.04, making that $4.12 gross gain total.A little over $1000 buys us 49 shares at their $20.46 Thursday price.A $10 broker fee (if charged), paid half at purchase and half at sale, could take about $0.204 per share out of the $4.12 gross gain to give us a net gain of $3.916 X 49 shares = $192.88 for about a 19.2% estimated net gain for the year.Furthermore, the $101.70 annual dividend income from $1K invested (if paid) is nearly 5 times more than the $20.46 share price. By these numbers, TSLX might be an ideal dividend dog at this time.Thus, you might choose to pounce on TSLX It is a 24-year-old quarterly dividend-paying Texas-based specialty lending company with a 14-year record paying quarterly plus supplemental dividends.The exact track of TSLXs future price and dividend will entirely be determined by market action.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:
Current Report: Sixth Street Specialty Lending Inc.
