Dividends4Life: 7.7% Covered Yield And Upside

Dividend Growth Stocks News

7.7% Covered Yield And Upside

Posted by D4L | Friday, May 24, 2019 | | 0 comments »

This company reported good results for its first fiscal quarter. The business development company outearned its base dividend with net investment income, will pay a special dividend of $0.01/share in June. It maintained excellent portfolio quality last quarter. Shares are attractively valued given the safety of the company's portfolio. I will continue to add to my position in the stock going forward.

TPG Specialty Lending, Inc. (TSLX) reported decent results for its first financial quarter in 2019. The business development company covered its base dividend with net investment income, as expected, and also declared a $0.01/share special dividend in order to distribute excess income. TPG Specialty Lending displayed excellent credit quality in the most recent quarter and maintained a defensively-structured debt investment portfolio. Shares are still moderately valued, given the BDC's propensity to pay quarterly special dividends. An investment in TSLX at today's price point yields 7.7 percent.

Source: Seeking Alpha

Related Articles:
- How To Buy Dividend Stocks At The Bottom
- 8 Stocks That Have Paid Dividends Since The 1800s
- 5 High-Yielding Dividend Aristocrats Not Afraid to Raise Their Dividends
- 3 Exceptional Dividend Growth Stocks With Quality Financials
- Three Keys For Successful Dividend Growth Investing



Post a Comment

Note: Only a member of this blog may post a comment.