OCSL - Oaktree Specialty Lending: The Dividend May Be In Trouble (Downgrade)

2024-05-03 10:49:36 ET

Summary

• Oaktree Specialty Lending Corporation showed portfolio weakness in 2Q24, resulting in net realized losses and a decline in net asset value.
• The dividend pay-out ratio is dangerously close to 100%, raising the possibility of a dividend cut in 2024.
• The BDC's credit issues and non-accrual trend could lead to further trouble if not resolved in the short term.

Oaktree Specialty Lending Corporation ( OCSL ) continued to show portfolio weakness in 2Q24 that resulted in additional net realized losses as well as a decline in net asset value....

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