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NCDL Nuveen Churchill Direct Lending Corp. — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Financial Services / Asset Management

$11.10 ▲ $0.24(2.21%) as of Oct 30, 2026 06:20 UTC
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Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.

Dividend Snapshot

StatusFlat
Last Dividend$0.3800Paid Oct 27, 2026
Forward Annual$1.52From the $0.3800 dividend declared Jul 29, 2026
FrequencyQuarterly
Last Ex-DateSep 30, 2026The most recent ex-dividend date that has already passed.
1-Yr Growth38.5%Annual totals, 2024–2025

Research Scores

Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.

Dividend Safety Score

23/100

Weak indicators

Complete data

Dividend Growth Score

20/100

Weak growth record

Partial data

Dividend Value Score

Not Rated

required input missing: yield history

DividendRank

30/100

Lower middle of the scale

Partial data

How the Dividend Safety Score is built for NCDL
InputValuePointsWeight
Dividend record2 years of uninterrupted regular payments 25 25%
Debt / equityDebt / equity 1.28x (balance sheet Jun 30, 2026) 42 25%
NAV per share trend (3 years)NAV per share -22.8% over 3 fiscal years (FY2022 22.55 to FY2025 17.40) 6 25%
3-year earnings payout ratio3-year earnings payout ratio 101% (FY2023–FY2025) 20 25%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: business development company. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for NCDL
InputValuePointsWeight
5-year dividend growthN/A (not used) N/A 25%
Consecutive annual increases0 consecutive annual increases (through 2025) 10 20%
Payout headroomHeadroom from the 3-year earnings payout ratio 101% (FY2023–FY2025) 0 20%
NAV per share change (3 years)NAV per share -22.8% over 3 fiscal years (FY2022 22.55 to FY2025 17.40) 6 15%
Revenue growth (3 years)Revenue CAGR 62.8% (FY2022–FY2025) 100 10%
10-year dividend growthN/A (not used) N/A 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: business development company. Formula version 2026-10-19.4.

Key Metrics

Current Yield

13.69%

At the Oct 30, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$1.5200

Declared Jul 29, 2026

The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.

Frequency

Q Quarterly

How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

RSI (14)

53

As of Oct 30, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$10.39 – $14.89

Closes through Oct 23, 2026

The lowest and highest price over the past year, showing where today's price sits in its recent range.

Payout Ratio (TTM)

184.60% (EPS-based)

12 months to Jun 30, 2026 (Q2 FY2026)

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

2

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

0.61

Price as of Oct 25, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Below the Solid check (Dividend Safety Score 70+ and yield 2%+): Dividend Safety Score 23/100, yield 13.69%.
A Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F Flawless
No calendar year's regular dividend total fell more than 20% below the year before, and no suspension of the regular dividend is on record.
E Enduring
2 year(s) of payments on record, under the 20 this check looks for.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume224,517Oct 23, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$10.59Oct 23, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$10.38 – $10.71Oct 23, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$10.60Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$548.20MAs of Oct 30, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out49.39MImplied by market cap, Oct 30, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$0.9512 months to Jun 30, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)11.1Price as of Oct 25, 2026; earnings to Jun 30, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateSep 30, 2026Paid Oct 27, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateN/ANone declared yetThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)N/AThe dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)N/AThe dividend's average annual growth rate over the period, compounded.
Consecutive Increases0 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

Why the Yield Moved (90 Days)

NCDL's dividend yield rose from 12.20% to 13.69% over the past ~90 days (+1.49 pp). Of that move, +0.00 pp came from changes in the dividend rate and +1.49 pp from the share price ($12.46 on Aug 03, 2026 → $11.10 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.

Yield vs Its Own History

Current13.69%
1-Yr Average12.83%
Low / High10.26% – 40.57%
Percentile85%

Across 271 daily observations over the past 13 months (through Oct 23, 2026), NCDL's current yield is higher than approximately 85% of them. Our stored price history for NCDL covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$0.3800 S Regular Jul 29, 2026 Sep 30, 2026 Sep 30, 2026 Oct 27, 2026
$0.3800 S Regular Apr 29, 2026 Jun 30, 2026 Jun 30, 2026 Jul 28, 2026
$0.4000 S Regular Feb 26, 2026 Mar 31, 2026 Mar 31, 2026 Apr 28, 2026
$0.4500 Q Regular Oct 29, 2025 Dec 31, 2025 Dec 31, 2025 Jan 27, 2026
$0.4500 M Regular Jul 30, 2025 Sep 30, 2025 Sep 30, 2025 Oct 28, 2025
$0.4500 Q Regular May 08, 2025 Jun 30, 2025 Jun 30, 2025 Jul 28, 2025
$0.4500 Q Regular Feb 27, 2025 Mar 31, 2025 Mar 31, 2025 Apr 28, 2025
$0.1000 S Special Jan 10, 2024 Feb 12, 2025 Feb 12, 2025 Apr 28, 2025
$0.4500 Q Regular Nov 07, 2024 Dec 31, 2024 Dec 31, 2024 Jan 28, 2025
$0.1000 S Regular Jan 10, 2024 Nov 08, 2024 Nov 11, 2024 Jan 28, 2025
$0.4500 Q Regular Jul 31, 2024 Sep 30, 2024 Sep 30, 2024 Oct 28, 2024
$0.1000 S Regular Jan 10, 2024 Aug 12, 2024 Aug 12, 2024 Oct 28, 2024
$0.4500 Q Regular May 09, 2024 Jun 28, 2024 Jun 28, 2024 Jul 29, 2024
$0.1000 S Regular Jan 10, 2024 May 10, 2024 May 13, 2024 Jul 28, 2024
$0.4500 Q Special Feb 27, 2024 Mar 27, 2024 Mar 30, 2024 Apr 29, 2024

Peer Comparison

Selected Asset Management dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
HLNE Hamilton Lane Incorporated 2.80% 11.7% 7 yrs 91
TROW T. Rowe Price Group, Inc. 4.88% 7.1% 38 yrs 90
RJF Raymond James Financial, Inc. 1.34% 15.2% 16 yrs 88
CVG.TO Clairvest Group Inc. 1.12% 9.7% 1 yr 86

Related Guides & Lists

NCDL dividend — frequently asked questions

Does Nuveen Churchill Direct Lending Corp. pay a dividend?

Yes. Nuveen Churchill Direct Lending Corp. (NCDL) currently pays a dividend. The annualized dividend is about $1.52 per share, a yield of approximately 13.69%.

What is Nuveen Churchill Direct Lending Corp.'s dividend yield?

Nuveen Churchill Direct Lending Corp.'s dividend yield is approximately 13.69%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Nuveen Churchill Direct Lending Corp. pay dividends?

Nuveen Churchill Direct Lending Corp. pays dividends quarterly — 4 times per year.

How long has Nuveen Churchill Direct Lending Corp. paid dividends?

Nuveen Churchill Direct Lending Corp. has 2 years of dividend payments on record.

Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.