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
14.9%
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 Yield14.9%
Trailing DPS$1.72
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout4.4%
Earnings SafetySustainable
FCF Payout1211.3%
FCF SafetyStretched
Piotroski F-Score7/9
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 Yield15.9%
1Y Total Return-4.8%
5Y Total Return10.4%
Div Contribution (5Y)51.8%
Estimated $10K growth (return + dividends):
5Y ago$11,04410Y ago$19,49120Y ago$14,769
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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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
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 1211.3%, rated "Stretched".
Piotroski F-Score: 7/9 — strong 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: 14.9% dividend yield, 1.0% buyback yield, 15.9% 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 10.4%, with dividends contributing 51.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $19,491 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
OCSL Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$10.24
Avg/Payment$0.5122
Latest Change-15.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $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 |
| Sep 16, 2024 | $0.5500 | — | 14.09% | Sep 30, 2024 |
OCSL Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
14.9%
#3 of 9
Safety
Sustainable
4.4% payout
Streak
0Y
6.8% 5Y CAGR
Total Shareholder
15.9%
#3 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd OCSLOaktree Specialty Le… | $1.0B | 14.9% | 4.4% | 0 | Sustainable |
 ARCCAres Capital Corpora… | $12.9B | 2.1% | — | 0 | Unknown |
2nd  FSCOFS Credit Opportunit… | $997M | 16.2% | 1.1% | 4 | Sustainable |
 GBDCGolub Capital BDC, I… | $3.2B | 11.2% | 97.9% | 0 | At Risk |
1st  TPVGTriplePoint Venture … | $203M | 20.5% | 83.9% | 0 | Watch |
 CGBDCarlyle Secured Lend… | $761M | 13.8% | 1.5% | 0 | Sustainable |
 SLRCSLR Investment Corp. | $678M | 13.2% | 96.7% | 0 | At Risk |
 MAINMain Street Capital … | $4.7B | 7.4% | 68.8% | 5 | Watch |
 HTGCHercules Capital, In… | $2.9B | 9.1% | 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 | $0.74 | — | 2 | — | — | — | 4.4% |
| 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% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
18+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
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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 +14.9%. Payments are made Semi-Annual.
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 Semi-Annual.
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 +1211.3%. 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 Semi-Annual. 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 $11,044 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 +14.9% market yield, thanks to consistent dividend growth.