Why Oaktree Specialty Lending Corporation is a Top 10 Financial Stock Yielding 9.62%
Oaktree Specialty Lending Corporation (Ticker: OCSL) has been named one of the top 10 dividend-paying financial stocks, according to Dividend Channel, which published its most recent ”Dividend rank” report. The report noted that among stocks of financial companies, OCSL displayed both attractive valuation metrics and strong profitability metrics. For example, OCSL’s recent stock price of $7.07 represents a price-to-book ratio of 1.0 and an annual dividend yield of 9.62% – by comparison, the average stock in the universe Dividend Channel’s hedge yields 4.0% and trades at a price-to-book ratio of 2.6. The report also cited Oaktree Specialty Lending Corporation’s strong quarterly dividend track record and favorable long-term multi-year growth rates in key fundamental data points.
The report stated: ”Dividend investors who approach investing from a value perspective are generally more interested in finding the strongest, most profitable companies that are also trading at an attractive valuation. This is what we seek to find by using our proprietary DividendRank formula, which ranks the coverage universe according to our various profitability and valuation criteria, to generate a list of the most “interesting” stocks, intended for investors as a source of ideas that merit further research.”
The current annualized dividend paid by Oaktree Specialty Lending Corporation is $0.68/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 9/14/2022. Below is a table of OCSL’s long-term dividend history, which the report highlights as critically important. Indeed, studying a company’s past dividend history can be a great help in judging whether the most recent dividend is likely to continue.
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