Trailing Dividend / Share
$1.72
Oaktree Specialty Lending Corporation (OCSL) Dividend History
Income profile from 2008 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
13.8%
Payout Ratio
4.4%
Sustainable
Dividend Streak
0 years
OCSL Dividend Income Check
Safety
4.4% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 10.1% and trend is rising.
OCSL Dividend Scorecard
Yield & Income
Dividend Yield13.8%
Trailing DPS$1.72
FrequencyQuarterly
Payments / 12M4
Payout Safety
Earnings Payout4.4%
Earnings SafetySustainable
FCF Payout54.6%
FCF SafetyAdequate
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGR-11.6%
5Y CAGR6.8%
Yield on Cost (5Y)10.1%
YOC Trendrising
Total Returns
Buyback Yield1.0%
Total Shareholder Yield14.7%
1Y Total Return3.5%
5Y Total Return0.2%
Div Contribution (5Y)44.9%
Estimated $10K growth (return + dividends):
5Y ago$10,02210Y ago$18,23220Y ago$15,109
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.
OCSL Income Growth Story
Dividend per share and yield on cost over time (19 years of payments)
OCSL Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Oaktree Specialty Lending Corporation distributes 4.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 54.6%, rated "Adequate".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
OCSL does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -11.6% and 5-year CAGR of 6.8%.
Total Shareholder Returns
Beyond cash dividends, OCSL returns capital through share repurchases. The combined picture: 13.8% dividend yield, 1.0% buyback yield, 14.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 10.1% and is currently rising. The 5-year total return is 0.2%, with dividends contributing 44.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $18,232 today.
OCSL Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$10.14
Avg/Payment$0.5070
Latest Change-2.9%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Sep 15, 2026Latest | $0.3300 | ↓ -2.9% | 11.87% | Sep 30, 2026 |
| Jun 15, 2026 | $0.3400 | ↓ -15.0% | 13.13% | Jun 30, 2026 |
| Mar 16, 2026 | $0.4000 | — | 15.03% | Mar 31, 2026 |
| Dec 15, 2025 | $0.4000 | — | 13.12% | Dec 31, 2025 |
| Sep 15, 2025 | $0.4000 | ↓ -4.8% | 13.90% | Sep 30, 2025 |
| Jun 16, 2025 | $0.4200 | ↓ -10.6% | 14.55% | Jun 30, 2025 |
| Mar 17, 2025 | $0.4700 | ↓ -14.5% | 13.72% | Mar 31, 2025 |
| Dec 16, 2024 | $0.5500 | — | 14.31% | Dec 31, 2024 |
OCSL Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
13.8%
#4 of 9
Safety
Sustainable
4.4% payout
Streak
0Y
6.8% 5Y CAGR
Total Shareholder
14.7%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| OCSLOaktree Specialty Le… | $1.1B | 13.8% | 4.4% | 0 | Sustainable |
 ARCCAres Capital Corpora… | $13.7B | 9.5% | 97.3% | 0 | At Risk |
2nd  FSCOFS Credit Opportunit… | $1.0B | 15.6% | 1.1% | 4 | Sustainable |
 GBDCGolub Capital BDC, I… | $3.3B | 10.9% | 97.9% | 0 | At Risk |
1st  TPVGTriplePoint Venture … | $177M | 23.4% | 83.9% | 0 | Watch |
 CGBDCarlyle Secured Lend… | $776M | 13.5% | 1.5% | 0 | Sustainable |
3rd  SLRCSLR Investment Corp. | $644M | 13.9% | 96.7% | 0 | At Risk |
 MAINMain Street Capital … | $5.3B | 6.7% | 68.8% | 5 | Watch |
 HTGCHercules Capital, In… | $3.0B | 8.8% | 81.3% | 0 | Watch |
OCSL Annual Dividend History (2008–2026)
19 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.07 | — | 3 | — | — | — | 6.4% |
| 2025 | $1.69 | -23.2% | 4 | $0.39 | 433.3% | 0.23x | 10.1% |
| 2024 | $2.20 | -3.1% | 4 | $0.72 | 305.6% | 0.33x | 13.1% |
| 2023 | $2.27 | -7.2% | 4 | $1.63 | 139.3% | 0.72x | 13.5% |
| 2022 | $2.44 | 48.2% | 4 | $0.48 | 509.4% | 0.20x | 14.6% |
| 2021 | $1.65 | 35.8% | 4 | $4.39 | 37.6% | 2.66x | 9.8% |
| 2020 | $1.22 | 6.6% | 4 | $0.83 | 146.4% | 0.68x | 7.2% |
| 2019 | $1.14 | 2.7% | 4 | $2.69 | 42.4% | 2.36x | 6.8% |
| 2018 | $1.11 | -9.8% | 4 | $1.00 | 111.0% | 0.90x | 6.6% |
| 2017 | $1.23 | -43.1% | 6 | $-4.18 | — | — | 7.3% |
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OCSL — Frequently Asked Questions
Quick answers to the most common questions about buying OCSL stock.
How much dividend does OCSL pay per share?
Oaktree Specialty Lending Corporation (OCSL) pays a trailing 12-month dividend of $1.72 per share, with a current dividend yield of +13.8%. Payments are made Quarterly.
When is OCSL's next ex-dividend date?
OCSL's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. OCSL typically pays dividends Quarterly.
Is OCSL's dividend safe?
OCSL's dividend safety is rated "Sustainable" based on an earnings payout ratio of +4.4% and FCF payout ratio of +54.6%. The dividend history does not yet show a prolonged growth streak.
How many years has OCSL increased its dividend?
OCSL has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +6.8%.
How often does OCSL pay dividends?
Oaktree Specialty Lending Corporation pays dividends Quarterly. The trailing 12-month total is $1.72 per share. Dividend data on this page covers 18+ years from 2008 to 2026.
How much would $10,000 invested in OCSL grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in OCSL five years ago would be worth approximately $10,022 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is OCSL's yield on cost for long-term holders?
OCSL's yield on cost — the current dividend divided by the original purchase price — is +10.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +13.8% market yield, thanks to consistent dividend growth.