Trailing Dividend / Share
$2.03
Nuveen Churchill Direct Lending Corp. (NCDL) Dividend History
Income profile from 2024 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
16.0%
Payout Ratio
1.6%
Sustainable
Dividend Streak
0 years
NCDL Dividend Income Check
Safety
1.6% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 10.6% and trend is unknown.
NCDL Dividend Scorecard
Yield & Income
Dividend Yield16.0%
Trailing DPS$2.03
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout1.6%
Earnings SafetySustainable
FCF Payout78.2%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGRN/A
5Y CAGRN/A
Yield on Cost (5Y)10.6%
YOC Trendunknown
Total Returns
Buyback Yield10.4%
Total Shareholder Yield26.4%
1Y Total Return-14.9%
5Y Total Return-6.9%
Div Contribution (5Y)24.6%
Estimated $10K growth (return + dividends):
5Y ago$9,31110Y ago$9,31120Y ago$9,311
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
NCDL Income Growth Story
Dividend per share and yield on cost over time (3 years of payments)
NCDL Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Nuveen Churchill Direct Lending Corp. distributes 1.6% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 78.2%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
NCDL does not have a current streak of consecutive dividend increases.
Total Shareholder Returns
Beyond cash dividends, NCDL returns capital through share repurchases. The combined picture: 16.0% dividend yield, 10.4% buyback yield, 26.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 10.6% and is currently unknown. The 5-year total return is -6.9%, with dividends contributing 24.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $9,311 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
NCDL Recent Dividend Payments
Last 14 payments · Semi-Annual
TTM Total$4.78
Avg/Payment$0.3414
Latest Change-5.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 30, 2026Latest | $0.3800 | ↓ -5.0% | 13.26% | Jul 28, 2026 |
| Mar 31, 2026 | $0.4000 | ↓ -11.1% | 13.76% | Apr 28, 2026 |
| Dec 31, 2025 | $0.4500 | — | 14.24% | Jan 27, 2026 |
| Sep 30, 2025 | $0.4500 | — | 14.49% | Oct 28, 2025 |
| Jun 30, 2025 | $0.4500 | — | 12.97% | Jul 28, 2025 |
| Mar 31, 2025 | $0.4500 | ↑ +350.0% | 12.96% | Apr 28, 2025 |
| Feb 12, 2025 | $0.1000 | ↓ -77.8% | 10.10% | Apr 28, 2025 |
| Dec 31, 2024 | $0.4500 | ↑ +350.0% | 12.51% | Jan 28, 2025 |
NCDL Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
16.0%
#4 of 9
Safety
Sustainable
1.6% payout
Streak
0Y
— 5Y CAGR
Total Shareholder
26.4%
#3 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| NCDLNuveen Churchill Dir… | $629M | 16.0% | 1.6% | 0 | Sustainable |
 ARCCAres Capital Corpora… | $13.1B | 2.1% | — | 0 | Unknown |
3rd  FSCOFS Credit Opportunit… | $977M | 16.6% | 1.1% | 4 | Sustainable |
 GBDCGolub Capital BDC, I… | $3.3B | 11.0% | 97.9% | 0 | At Risk |
 OBDCBlue Owl Capital Cor… | $5.4B | 13.7% | 1.2% | 0 | Sustainable |
2nd  TPVGTriplePoint Venture … | $191M | 21.8% | 83.9% | 0 | Watch |
 CGBDCarlyle Secured Lend… | $751M | 13.9% | 1.5% | 0 | Sustainable |
1st  FSKFS KKR Capital Corp. | $2.9B | 26.9% | 71.3% | 1 | Watch |
 MFICMidCap Financial Inv… | $914M | 15.3% | 2.2% | 0 | Sustainable |
NCDL Annual Dividend History (2018–2026)
9 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.78 | — | 2 | — | — | — | 4.4% |
| 2025 | $1.90 | -9.5% | 5 | $1.30 | 146.2% | 0.68x | 10.6% |
| 2024 | $2.10 | — | 7 | $2.15 | 97.7% | 1.02x | 11.8% |
| 2023 | $0.00 | — | 0 | $2.27 | — | — | — |
| 2022 | $0.00 | — | 0 | $0.74 | — | — | — |
| 2021 | $0.00 | — | 0 | $2.12 | — | — | — |
| 2020 | $0.00 | — | 0 | $0.43 | — | — | — |
| 2019 | $0.00 | — | 0 | $1.79 | — | — | — |
| 2018 | $0.00 | — | 0 | $0.35 | — | — | — |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
2+ years return with dividends reinvested.
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Peer Comparison
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NCDL — Frequently Asked Questions
Quick answers to the most common questions about buying NCDL stock.
How much dividend does NCDL pay per share?
Nuveen Churchill Direct Lending Corp. (NCDL) pays a trailing 12-month dividend of $2.03 per share, with a current dividend yield of +16.0%. Payments are made Semi-Annual.
When is NCDL's next ex-dividend date?
NCDL's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. NCDL typically pays dividends Semi-Annual.
Is NCDL's dividend safe?
NCDL's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.6% and FCF payout ratio of +78.2%. The dividend history does not yet show a prolonged growth streak.
How many years has NCDL increased its dividend?
NCDL has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is N/A.
How often does NCDL pay dividends?
Nuveen Churchill Direct Lending Corp. pays dividends Semi-Annual. The trailing 12-month total is $2.03 per share. Dividend data on this page covers 2+ years from 2024 to 2026.
How much would $10,000 invested in NCDL grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in NCDL five years ago would be worth approximately $9,311 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is NCDL's yield on cost for long-term holders?
NCDL's yield on cost — the current dividend divided by the original purchase price — is +10.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +16.0% market yield, thanks to the lower original cost basis.