Trailing Dividend / Share
$1.15
TPG RE Finance Trust, Inc. (TRTX) Dividend History
Income profile from 2017 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
13.3%
Payout Ratio
1.5%
Sustainable
Dividend Streak
0 years
TRTX Dividend Income Check
Safety
1.5% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 9.3% and trend is falling.
TRTX Dividend Scorecard
Yield & Income
Dividend Yield13.3%
Trailing DPS$1.15
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout1.5%
Earnings SafetySustainable
FCF Payout92.0%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak0 years
3Y CAGR0.0%
5Y CAGR-10.2%
Yield on Cost (5Y)9.3%
YOC Trendfalling
Total Returns
Buyback Yield3.8%
Total Shareholder Yield17.1%
1Y Total Return20.7%
5Y Total Return-1.7%
Div Contribution (5Y)35.4%
Estimated $10K growth (return + dividends):
5Y ago$9,83210Y ago$9,86820Y ago$9,868
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.
TRTX Income Growth Story
Dividend per share and yield on cost over time (10 years of payments)
TRTX 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
TPG RE Finance Trust, Inc. distributes 1.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 92.0%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TRTX does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 0.0% and 5-year CAGR of -10.2%.
Total Shareholder Returns
Beyond cash dividends, TRTX returns capital through share repurchases. The combined picture: 13.3% dividend yield, 3.8% buyback yield, 17.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 9.3% and is currently falling. The 5-year total return is -1.7%, with dividends contributing 35.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $9,868 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
TRTX Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$4.87
Avg/Payment$0.2435
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 26, 2026Latest | $0.2400 | — | 11.16% | Jul 24, 2026 |
| Mar 27, 2026 | $0.2400 | — | 12.61% | Apr 24, 2026 |
| Dec 26, 2025 | $0.2400 | — | 10.92% | Jan 23, 2026 |
| Sep 26, 2025 | $0.2400 | — | 11.14% | Oct 24, 2025 |
| Jun 27, 2025 | $0.2400 | — | 12.50% | Jul 25, 2025 |
| Mar 28, 2025 | $0.2400 | — | 11.97% | Apr 25, 2025 |
| Dec 27, 2024 | $0.2400 | — | 11.43% | Jan 24, 2025 |
| Sep 27, 2024 | $0.2400 | — | 11.55% | Oct 25, 2024 |
TRTX Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
13.3%
#5 of 9
Safety
Sustainable
1.5% payout
Streak
0Y
-10.2% 5Y CAGR
Total Shareholder
17.1%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| TRTXTPG RE Finance Trust… | $665M | 13.3% | 1.5% | 0 | Sustainable |
 BXMTBlackstone Mortgage … | $3.1B | 10.4% | 2.9% | 0 | Sustainable |
 KREFKKR Real Estate Fina… | $454M | 14.2% | — | 0 | Unknown |
3rd  ACREAres Commercial Real… | $256M | 15.4% | — | 0 | Unknown |
1st  RCReady Capital Corpor… | $289M | 38.7% | — | 0 | Unknown |
2nd  GPMTGranite Point Mortga… | $63M | 16.4% | — | 0 | Unknown |
 BRSPBrightSpire Capital,… | $722M | 11.8% | — | 0 | Unknown |
 LADRLadder Capital Corp | $1.3B | 9.1% | 1.8% | 0 | Sustainable |
 ARIApollo Commercial Re… | $1.4B | 9.4% | 1.1% | 0 | Sustainable |
TRTX Annual Dividend History (2015–2026)
12 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.48 | — | 2 | — | — | — | 4.7% |
| 2025 | $0.96 | 0.0% | 4 | $0.57 | 168.4% | 0.59x | 9.3% |
| 2024 | $0.96 | 0.0% | 4 | $0.77 | 124.7% | 0.80x | 9.3% |
| 2023 | $0.96 | 0.0% | 4 | $-1.69 | — | — | 9.3% |
| 2022 | $0.96 | 1.1% | 4 | $-0.95 | — | — | 9.3% |
| 2021 | $0.95 | -42.1% | 4 | $0.87 | 109.2% | 0.92x | 9.2% |
| 2020 | $1.64 | -4.7% | 5 | $-2.03 | — | — | 15.9% |
| 2019 | $1.72 | 0.6% | 4 | $1.74 | 98.9% | 1.01x | 16.7% |
| 2018 | $1.71 | 140.8% | 4 | $1.70 | 100.6% | 0.99x | 16.6% |
| 2017 | $0.71 | — | 2 | $1.56 | 45.5% | 2.20x | 6.9% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
9+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
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TRTX — Frequently Asked Questions
Quick answers to the most common questions about buying TRTX stock.
How much dividend does TRTX pay per share?
TPG RE Finance Trust, Inc. (TRTX) pays a trailing 12-month dividend of $1.15 per share, with a current dividend yield of +13.3%. Payments are made Semi-Annual.
When is TRTX's next ex-dividend date?
TRTX's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TRTX typically pays dividends Semi-Annual.
Is TRTX's dividend safe?
TRTX's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.5% and FCF payout ratio of +92.0%. The dividend history does not yet show a prolonged growth streak.
How many years has TRTX increased its dividend?
TRTX has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is -10.2%.
How often does TRTX pay dividends?
TPG RE Finance Trust, Inc. pays dividends Semi-Annual. The trailing 12-month total is $1.15 per share. Dividend data on this page covers 9+ years from 2017 to 2026.
How much would $10,000 invested in TRTX grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TRTX five years ago would be worth approximately $9,832 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TRTX's yield on cost for long-term holders?
TRTX's yield on cost — the current dividend divided by the original purchase price — is +9.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +13.3% market yield, thanks to the lower original cost basis.