Oaktree Specialty Lending Corporation Stock News

The BDC sector is now in a correction. It also faces numerous significant headwinds. We share our outlook on and approach to the sector moving forward.

OCSL has been my absolute worst performing BDC pick. After the previous earnings release, I was still optimistic and recommended a buy, considering the positive net funding volumes and decreasing non-accruals. While the net funding volumes have remained strong, the build-up of non-accruals surprised to the downside, leaving the current distribution coverage without any margin of safety.

LOS ANGELES, CA, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended June 30, 2024.

High-yield dividend stocks have been rallying on expectations of a Fed rate cut in September. However, I think the market may be overly optimistic. I share the main headwind likely facing high-yield stocks moving forward and how I am investing in light of this.

High-yield stocks offer attractive dividend yields and potential for passive income growth and total return. However, investors need to look beyond juicy yields and popular names when picking high-yield stocks. We share one very overrated and one very underrated 12%+ yielding dividend stocks.

Here are seven outstanding dividend stocks that stand out for attractive yields and solid fundamentals. They are ideal picks for a long-term investment strategy.

Charlie Munger was a big believer in concentrated portfolios. Building a high-yielding, tax-efficient portfolio with BDCs, REITs, and MLPs in different accounts can deliver tax-free income in retirement. I share what I would hold in an ultra-concentrated buy-and-hold 8%-yielding portfolio for the next decade.

Private credit funds and business development corporations often offer 10% yields. Some of these funds are locked up for long periods, causing liquidity problems. Listed BDCs are not. Wall Street is worried about private credit eating its debt-issuance lunch.