TSLX BDC — Sixth Street Specialty Lending

Sixth Street Specialty Lending (TSLX)

Updated October 9, 2026.

TSLX is a BDC. its distribution rate is 10.37%, its trailing-12-month yield is 10.37%. Dividend Vision Distribution Safety Score™ is 59/100 (Caution). Total return is 303.7% over the past 12.6 years, 111.4 points behind SPY at 415.1%.

At the current 10.37% distribution rate, a $10,000 investment would generate approximately $1,037 per year, or about $259.25 per quarter if the next payment matches the last regular one.

TSLX performance versus SPY

Price and return data through 2026-10-09.

Total return is 303.7% over the past 12.6 years, 111.4 points behind SPY at 415.1%. Over the past year its total return — price change plus distributions reinvested — is -9.2%. Its deepest 1-year drawdown was 24.3%.

TSLX key facts

Distribution Safety Score™

59 · Caution

Safety-Adjusted Yield

6.12%

Issuer

Sixth Street

Asset type

BDC

Asset class

Equity

Distribution rate

10.37%

Distribution frequency

Quarterly

Trailing yield

10.37%

5-year average yield

5.74

Last close

$17.35 (as of 2026-10-09)

Market cap

$1,654,203,462

Average volume

649687.0

Dividend

$0.42

Ex-dividend date

09/15/2026

Payment date

09/30/2026

Beta

0.657

Payout ratio

65.5%

P/E ratio

18.66

Forward P/E

10.2249

EPS

$0.93

How Dividend Vision calculates yield and returns

Distribution rate (10.37%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (10.37%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Sixth Street; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TSLX risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 24.3%.

Who may consider TSLX — and who may not

It is a weaker fit for investors who need monthly cash flow (TSLX pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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