earnings
confidence high
sentiment positive
materiality 0.65
Oaktree Specialty Lending Q2 NII $0.22/share; raises dividend to $0.165, up 3% QoQ
Oaktree Specialty Lending Corp
2023-Q2 EPS reported
$0.89
- GAAP NII $40.1M ($0.22/share) vs. $32.3M ($0.18/share) prior quarter; adjusted NII $32.3M ($0.18/share).
- Quarterly dividend raised 3% to $0.165/share, eighth consecutive increase; payable June 30, record June 15.
- NAV per share $7.26 (-1.1% QoQ); no investments on non-accrual as of March 31, 2022.
- Originated $227.9M new commitments (72% first lien); weighted avg yield on new debt 8.7%.
- Total debt $1.395B, debt/equity 1.05x; liquidity: $39.4M cash + $455M undrawn credit.