BDC Dividend Cut Alert: 2 BDCs That Are Likely To Cut Dividends [Seeking Alpha]
Oaktree Specialty Lending Corporation - Closed End Fund (OCSL)
Last oaktree specialty lending corporation - closed end fund earnings: 2/6 06:00 am
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US:NASDAQ Investor Relations:
oaktreespecialtylending.com
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Source: Seeking Alpha
Summary The Fed's recent decision to cut the base rates by 50 basis points has created more problems for BDCs, especially for those with weaker portfolios. Lower base rates, inactive M&A markets and higher economic uncertainty are critical factors that for some BDCs might trigger dividend cuts. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements together with their Q4, 2024 reports. Richard Drury Relatively recently, the Fed decided to cut the base rates by 50 basis points. While it is for most assets a positive thing, for majority of BDCs it imposes headwinds in terms of protecting their net investment income levels. The main reason is that most of BDC investments are linked to SOFR (i.e., floating rate), which in the situation of shrinking interest rates leads to lower portfolio yields. On top of the direct interest rate cuts, the Fed releases an updated FOMC dot plot, which indicates
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OCSL
News
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its price target lowered by analysts at Keefe, Bruyette & Woods from $18.00 to $17.00. They now have a "market perform" rating on the stock.MarketBeat
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its price target lowered by analysts at B. Riley from $17.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $15.00 price target on the stock, down previously from $17.00.MarketBeat
OCSL
Earnings
- 11/19/24 - Miss
OCSL
Sec Filings
- 11/21/24 - Form 3
- 11/19/24 - Form 8-K
- 11/19/24 - Form 10-K
- OCSL's page on the SEC website