Oaktree Specialty Lending: Dividend Cut, High Non-Accruals, Don't Buy
Oaktree Specialty Lending Corporation has announced a 25% reduction in its regular dividend, though a supplemental dividend mitigated the effective cut to 15%. The company is currently rated 'Hold' due to ongoing high non-accruals and concerns about credit quality. OCSL shares are trading at a significant discount to net asset value, indicating elevated credit risk.
- ▪Oaktree Specialty Lending Corporation reduced its regular dividend by 25%.
- ▪A supplemental dividend was paid, lowering the effective dividend cut to 15%.
- ▪The company is rated 'Hold' due to high non-accruals and sub-optimal credit quality.
- ▪OCSL shares are trading at a 23% discount to net asset value.
- ▪The elevated credit risk is a concern for investors.
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