OCSL Stock Recent News

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q3 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Michael Mosticchio - Head, Investor Relations Armen Panossian - Chief Executive Officer and Chief Investment Officer Matt Pendo - President Chris McKown - Chief Financial Officer and Treasurer Matt Stewart - Chief Operating Officer Conference Call Participants Erik Zwick - Hovde Group Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Ryan Lynch - KBW Kyle Joseph - Jefferies Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation's Third Fiscal Quarter 2023 Conference Call.

The headline numbers for Oaktree Specialty Lending (OCSL) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

This article discusses dividend coverage for two BDCs currently yielding around 11% including supplemental dividends. We suggest one of these companies with a list of positives that investors should consider. One of the largest mistakes that BDC investors make is focusing on historical dividend coverage instead of projected dividend coverage which is heavily reliant on portfolio credit quality.

We take a look at the action in business development companies through the last week of June and highlight some of the key themes we are watching. BDCs had a good week, capping off a great June with a 6% rally. Our view remains that the opportunity from additional lending due to potential regional bank pullback is less than commonly advertised.

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, June 29, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the third fiscal quarter ended June 30, 2023 before the opening of the Nasdaq Global Select Market on Thursday, August 3, 2023.

Oaktree Specialty Lending has an improving dividend coverage trend, despite originations dropping in 1Q-23. Portfolio quality took a hit in the last quarter, but the company said it views the increase in non-accrual ratio as temporary as it works out short-term solutions.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q2 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Michael Mosticchio - Head of Investor Relations Matt Pendo - President Armen Panossian - Chief Executive Officer & Chief Investment Officer Chris McKown - Chief Financial Officer & Treasurer Matt Stewart - Chief Operating Officer Conference Call Participants Kevin Fultz - JMP Securities Erik Zwick - Hovde Group Ryan Lynch - KBW Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation Second Fiscal Quarter 2023 Conference Call.

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.54 per share a year ago.

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time

Oaktree Specialty Lending covered its dividend with adjusted net investment income in the December quarter. Credit quality remained perfect and the portfolio is growing.