TSLX Dividend

Although TSLX has a dividend of 0.46 with an ex-dividend date of Sep 15, you can sell covered calls on Sixth Street Specialty Lending, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Sixth Street Specialty Lending, Inc. (TSLX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
24.32	24.66	24.39	-0.10	256K	12	2.3B

TSLX Dividend-Like Income Using Covered Calls

With TSLX at 24.39, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield	Annual Premium	Cents/Day
3%	0.73	0.2
5%	1.22	0.3
10%	2.44	0.7

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On TSLX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	25.00	0.40	101	0.4	0.34 (1.4%)

5% Yield On TSLX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	25.00	0.40	101	0.4	0.34 (1.4%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IBIT dividend	1.	RNA dividend
2.	PCG dividend	7.	QQQ dividend	2.	ATYR dividend
3.	IWM dividend	8.	SLV dividend	3.	ADBE dividend
4.	SPY dividend	9.	FXI dividend	4.	ASTS dividend
5.	EEM dividend	10.	TSLA dividend	5.	RH dividend

Want more examples? TSLA Dividend | TSM Dividend