SmarterDividends
TSLX

Sixth Street Specialty Lending, Inc.

TSLX

Financial Services · Asset Management · Stock · quarterly payer

$17.03

Fairly valued · +6% Add to Portfolio

Forward Yield

9.86%

Annual Dividend

$1.68

Payout Ratio

203%

5-Yr Growth

-1.3%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about TSLX's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Sixth Street Specialty Lending, Inc. (TSLX) has a forward dividend yield of 9.86%, based on an annual dividend of $1.68 per share and a share price of $17.03.
  • As of Oct 18, 2026, TSLX's dividend safety grade from SmarterDividends is D (42 out of 100), which rates the dividend as unsafe.
  • TSLX last cut its regular dividend in 2025.
  • TSLX's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.42 per share.
  • As of Oct 18, 2026, TSLX pays out 203% of its trailing 12-month earnings as dividends (its payout ratio).
  • TSLX's dividend has shrunk at an average rate of 1.3% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for TSLX is $18.05 per share, 6% above the $17.03 share price, so TSLX screens as fairly valued.
  • Sixth Street Specialty Lending, Inc. (TSLX) pays its dividend quarterly, 4 times a year.
  • Sixth Street Specialty Lending, Inc. (TSLX) has raised its regular dividend 5 times and cut it 1 time across the 86 payments on record since 2014. Its most recent change was a 8.7% cut to $0.420 per share, going ex-dividend on Jun 15, 2026.
Cite this page

SmarterDividends, "TSLX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/TSLX

Summary

As of Oct 18, 2026, Sixth Street Specialty Lending, Inc. (TSLX) yields 9.86% ($1.68 a year per share) and has a dividend safety grade of D (42/100).

Is TSLX a good dividend stock?

Mixed

Sixth Street Specialty Lending, Inc. (TSLX) pays a quarterly dividend yielding 9.86% ($1.68/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2025
    • Elevated payout ratio (203%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    9.86%
    Payout Ratio
    203%
    Annual Dividend
    $1.68
    5-Yr Avg Growth
    -1.3%
    Ex-Dividend Date
    Sep 15, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.66
    Market Cap
    $1.6B
    P/E Ratio
    18.3
    5-Yr Total Return
    -29%
    52-Week Range
    $16.04 – $23.19
    Dividend Safety
    D · 42/100
    Ever Cut?
    Yes (2025)

    TSLX dividend raises and cuts

    Sixth Street Specialty Lending, Inc. (TSLX) has raised its regular dividend 5 times and cut it 1 time across the 86 payments on record since 2014. Its most recent change was a 8.7% cut to $0.420 per share, going ex-dividend on Jun 15, 2026.

    Ex-dateChangeOld → newMove
    Jun 15, 2026Cut$0.460 → $0.420−8.7%
    Mar 14, 2023Raise$0.450 → $0.460+2.2%
    Dec 14, 2022Raise$0.420 → $0.450+7.1%
    Sep 14, 2022Raise$0.410 → $0.420+2.4%
    Mar 12, 2020Raise$0.390 → $0.410+5.1%
    Dec 29, 2014Raise$0.380 → $0.390+2.6%
    Every TSLX payment →Download every raise and cut (CSV)
    TSLX ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →TSLX dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is TSLX a good dividend stock?

    Mixed. Sixth Street Specialty Lending, Inc. (TSLX) pays a quarterly dividend yielding 9.86% ($1.68/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is TSLX undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TSLX's fair value is about $18.05 versus a $17.03 share price — so it looks fairly valued (+6% vs. fair value).

    Is TSLX's dividend safe?

    TSLX has a dividend-safety grade of D (42/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is TSLX's fair value?

    Our blended fair-value estimate for TSLX is about $18.05 per share, roughly 6% above the current $17.03 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is TSLX a buy, hold, or sell?

    We don't issue formal ratings, but on the data TSLX screens as "mixed" and fairly valued. Sixth Street Specialty Lending, Inc. (TSLX) pays a quarterly dividend yielding 9.86% ($1.68/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will TSLX cut its dividend?

    TSLX earns a dividend-safety grade of D (42/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does TSLX pay a dividend?

    Yes. Sixth Street Specialty Lending, Inc. pays a quarterly dividend of about $1.68 per share annually, a forward yield of roughly 9.86%.

    What is TSLX's dividend yield?

    As of Oct 18, 2026, TSLX's forward dividend yield is 9.86%, based on a $1.68 annual dividend and a $17.03 share price.

    What is TSLX's dividend per share?

    As of Oct 18, 2026, TSLX pays $1.68 per share per year, distributed on a quarterly basis.

    What is TSLX's dividend payout ratio?

    As of Oct 18, 2026, TSLX's payout ratio is 203% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has TSLX grown its dividend?

    TSLX does not currently have a long dividend-growth streak on record.

    When is the next TSLX ex-dividend date?

    As of Oct 18, 2026, TSLX's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.42 per share.

    Income Calculator

    At $1.68 / yr per share

    Per payment (quarterly)$42.00
    Annual$168.00
    Monthly avg$14.00

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