Oaktree Specialty Lending... (OCSL)

Blackstone Secured Lending and Morgan Stanley Direct Lending are high-quality BDCs facing potential dividend cuts due to falling coverage ratios. BXSL's fundamentals remain strong, but tight dividend ...

BDCs have already experienced a notable correction. The sector median P/NAV metric indicates ~12% discount to NAV. Many players are priced even below that.

14 BDCs have base dividend coverage levels between 100% and 105%. 16 BDCs have them already below 100%. Given the unfavorable future earnings outlook, a system-wide BDC dividend cutting process is ver...

Oaktree Specialty Lending's weak net investment income coverage raises concerns about portfolio quality and future payouts. Non-accruals remain elevated, though slightly improved Q/Q in Q3'25, driving...

The BDC sector faces mounting risks from a weakening economy, high consumer debt, and the potential for further dividend cuts as interest rates decline. Recent dividend cuts by several BDCs highlight ...

Q2 earnings confirmed my call for a market rotation in BDCs; quality bias and selectivity remain critical for outperformance. Structural headwinds—spread compression, falling base rates, and thin divi...

BDC sector faces significant risks: high valuations, spread tightening, and thin dividend coverage leave little margin of safety. Lower base rates will likely be soon here, creating further headwinds ...

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q3 2025 Earnings Conference Call August 5, 2025 11:00 AM ET Company Participants Armen Panossian - CEO & Co-Chief Investment Officer Christopher Mc...

Oaktree (OCSL) Q3 Income Drops 33%

Oaktree Specialty Lending Corporation's Q3 2025 earnings confirm my thesis: the recent dividend cut is insufficient to sustain the payout or NAV. Key headwinds include declining net investment income,...