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TRTX TPG RE Finance Trust, Inc. — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Real Estate / REIT - Mortgage

$6.42 ▼ $-0.07(-1.08%) as of Oct 30, 2026 06:20 UTC
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TPG RE Finance Trust, Inc. (TRTX) operates as a financial institution primarily engaged in the commercial real estate sector within the United States. Its core business involves generating, purchasing, and actively overseeing a variety of debt instruments connected to commercial properties. The company's investment strategy encompasses a wide range of commercial real estate-backed debt, including senior and subordinate mortgage loans, mezzanine financing, preferred equity stakes, and various secured real estate securities. TRTX also allocates capital to commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLOs) that are underpinned by real estate assets. These investments are predominantly tied to properties within key sectors such as office buildings, multifamily residences, life science facilities, mixed-use developments, hospitality venues, industrial sites, and retail spaces. For federal income tax purposes, TPG RE Finance Trust, Inc. is structured as a Real Estate Investment Trust (REIT). This classification generally allows the company to avoid federal corporate income tax liabilities, provided it distributes at least 90% of its taxable income to its stockholders. Established in 2014, the company maintains its corporate headquarters in New York, New York.

Dividend Snapshot

StatusFlat
Last Dividend$0.2400Paid Oct 23, 2026
Forward Annual$0.96From the $0.2400 dividend declared Sep 17, 2026
FrequencyQuarterly
Last Ex-DateSep 28, 2026The most recent ex-dividend date that has already passed.
1-Yr Growth0.0%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

44/100

Mixed indicators

Complete data

Dividend Growth Score

24/100

Weak growth record

Complete data

Dividend Value Score

88/100

Well below own historical valuation

Complete data

DividendRank

51/100

Middle of the scale

Complete data

How the Dividend Safety Score is built for TRTX
InputValuePointsWeight
Operating cash flow payout ratioOperating cash flow payout ratio 83% (TTM to Jun 30, 2026) 63 35%
Net debt / EBITDANet debt / EBITDA 13.0x (TTM to Jun 30, 2026) 0 20%
Interest coverageInterest coverage, EBITDA basis 1.3x (TTM to Jun 30, 2026) 10 15%
Dividend record8 years of uninterrupted regular payments; last cut Dec 24, 2020 (-47.4%), within 10 years: capped at 50 50 20%
Operating cash flow stabilityOperating cash flow positive in 5 of the last 5 fiscal years (FY2021–FY2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for TRTX
InputValuePointsWeight
5-year dividend growth5-year dividend CAGR -7.8% (2020–2025) 0 25%
Consecutive annual increases0 consecutive annual increases (through 2025) 10 20%
Payout headroomHeadroom from the operating cash flow payout ratio 83% (TTM to Jun 30, 2026) 51 20%
Operating cash flow per share growth (3 years)Operating cash flow per share CAGR -4.4% (FY2022–FY2025) 18 15%
Revenue growth (3 years)Revenue CAGR 2.8% (FY2022–FY2025) 65 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: real estate investment trust. Formula version 2026-10-19.4.

How the Dividend Value Score is built for TRTX
InputValuePointsWeight
Yield vs own historyCurrent yield at the 87th percentile of its 97 month-end yields 87 40%
P/OCF vs own 5-year medianP/OCF 5.3 is 0.84x its 5-year median of 6.3 74 25%
Operating cash flow yieldOperating cash flow yield 19.0% (TTM to Jun 30, 2026) 100 20%
P/OCF vs peersP/OCF 5.3 vs peer median 12.6 (0.42x; 112 reit / Real Estate securities) 100 15%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.

Key Metrics

Current Yield

14.95%

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

$0.9600

Declared Sep 17, 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)

54

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

$5.64 – $9.31

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)

154.69% (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

8

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)

0.46

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 44/100, yield 14.95%.
A Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F Flawless
A calendar year's regular dividend total fell more than 20% below the year before.
E Enduring
8 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.
Volume1,198,600Oct 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$6.19Oct 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$6.15 – $6.31Oct 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$6.22Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$486.81MAs of Oct 30, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out75.83MImplied by market cap, Oct 30, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$0.7512 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)11.4Price 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 28, 2026Paid Oct 23, 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)0.0%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)-7.8%Annual totals, 2020–2025The 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)

TRTX's dividend yield rose from 11.91% to 14.95% over the past ~90 days (+3.04 pp). Of that move, +0.00 pp came from changes in the dividend rate and +3.04 pp from the share price ($8.06 on Aug 03, 2026 → $6.42 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

Current14.95%
1-Yr Average11.79%
Low / High10.31% – 17.02%
Percentile93%

Across 272 daily observations over the past 13 months (through Oct 23, 2026), TRTX's current yield is higher than approximately 93% of them. Our stored price history for TRTX 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
$0.2400 Q Regular Sep 17, 2026 Sep 28, 2026 Sep 28, 2026 Oct 23, 2026
$0.2400 I Regular Jun 12, 2026 Jun 26, 2026 Jun 26, 2026 Jul 24, 2026
$0.2400 Q Regular Mar 13, 2026 Mar 27, 2026 Mar 27, 2026 Apr 24, 2026
$0.2400 Q Regular Dec 12, 2025 Dec 26, 2025 Dec 26, 2025 Jan 23, 2026
$0.2400 Q Regular Sep 12, 2025 Sep 26, 2025 Sep 26, 2025 Oct 24, 2025
$0.2400 Q Regular Jun 13, 2025 Jun 27, 2025 Jun 27, 2025 Jul 25, 2025
$0.2400 Q Regular Mar 14, 2025 Mar 28, 2025 Mar 28, 2025 Apr 25, 2025
$0.2400 Q Regular Dec 13, 2024 Dec 27, 2024 Dec 27, 2024 Jan 24, 2025
$0.2400 Q Regular Sep 13, 2024 Sep 27, 2024 Sep 27, 2024 Oct 25, 2024
$0.2400 Q Regular Jun 17, 2024 Jun 27, 2024 Jun 27, 2024 Jul 25, 2024
$0.2400 Q Regular Mar 15, 2024 Mar 27, 2024 Mar 28, 2024 Apr 25, 2024
$0.2400 Q Regular Dec 18, 2023 Dec 28, 2023 Dec 29, 2023 Jan 25, 2024
$0.2400 Q Regular Sep 11, 2023 Sep 27, 2023 Sep 28, 2023 Oct 25, 2023
$0.2400 Q Regular Jun 12, 2023 Jun 27, 2023 Jun 28, 2023 Jul 25, 2023
$0.2400 Q Regular Mar 14, 2023 Mar 28, 2023 Mar 29, 2023 Apr 25, 2023
$0.2400 Q Regular Dec 09, 2022 Dec 28, 2022 Dec 29, 2022 Jan 25, 2023
$0.2400 Q Regular Sep 12, 2022 Sep 27, 2022 Sep 28, 2022 Oct 25, 2022
$0.2400 Q Regular Jun 13, 2022 Jun 27, 2022 Jun 28, 2022 Jul 25, 2022
$0.2400 S Regular Mar 14, 2022 Mar 28, 2022 Mar 29, 2022 Apr 25, 2022
$0.3100 S Regular Dec 14, 2021 Dec 28, 2021 Dec 29, 2021 Jan 25, 2022
$0.2400 Q Regular Sep 13, 2021 Sep 28, 2021 Sep 29, 2021 Oct 22, 2021
$0.2000 Q Regular Jun 14, 2021 Jun 25, 2021 Jun 28, 2021 Jul 23, 2021
$0.2000 S Regular Mar 15, 2021 Mar 25, 2021 Mar 26, 2021 Apr 23, 2021
$0.3800 S Regular Dec 15, 2020 Dec 24, 2020 Dec 28, 2020 Jan 22, 2021
$0.2000 Q Regular Sep 15, 2020 Sep 24, 2020 Sep 25, 2020 Oct 23, 2020
$0.2000 I Special Jun 17, 2020 Jun 25, 2020 Jun 26, 2020 Jul 24, 2020
$0.4300 Q Regular Mar 23, 2020 Jun 12, 2020 Jun 15, 2020 Jul 14, 2020
$0.4300 Q Regular Mar 17, 2020 Mar 26, 2020 Mar 27, 2020 Apr 24, 2020
$0.4300 Q Regular Dec 17, 2019 Dec 26, 2019 Dec 27, 2019 Jan 24, 2020
$0.4300 Q Regular Sep 17, 2019 Sep 26, 2019 Sep 27, 2019 Oct 25, 2019
$0.4300 Q Regular Jun 18, 2019 Jun 27, 2019 Jun 28, 2019 Jul 25, 2019
$0.4300 Q Regular Mar 19, 2019 Mar 28, 2019 Mar 29, 2019 Apr 25, 2019
$0.4300 Q Regular Dec 18, 2018 Dec 27, 2018 Dec 28, 2018 Jan 25, 2019
$0.4300 Q Regular Sep 18, 2018 Sep 27, 2018 Sep 28, 2018 Oct 25, 2018
$0.4300 Q Regular Jun 15, 2018 Jun 22, 2018 Jun 25, 2018 Jul 25, 2018
$0.4200 Q Regular Mar 19, 2018 Mar 28, 2018 Mar 29, 2018 Apr 25, 2018
$0.3800 I Regular Dec 19, 2017 Dec 28, 2017 Dec 29, 2017 Jan 25, 2018
$0.3300 Q Regular Sep 26, 2017 Oct 05, 2017 Oct 06, 2017 Oct 25, 2017

Peer Comparison

Selected REIT - Mortgage dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
MITT TPG Mortgage Investment Trust Inc 16.84% N/A 2 yrs 70
EFC Ellington Financial Inc. 13.19% 4.4% 0 yrs 69
FBRT Franklin BSP Realty Trust, Inc. 12.99% N/A 0 yrs 65
ADAM Adamas Trust, Inc. 16.71% N/A 1 yr 64

Related Guides & Lists

TRTX dividend — frequently asked questions

Does TPG RE Finance Trust, Inc. pay a dividend?

Yes. TPG RE Finance Trust, Inc. (TRTX) currently pays a dividend. The annualized dividend is about $0.96 per share, a yield of approximately 14.95%.

What is TPG RE Finance Trust, Inc.'s dividend yield?

TPG RE Finance Trust, Inc.'s dividend yield is approximately 14.95%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does TPG RE Finance Trust, Inc. pay dividends?

TPG RE Finance Trust, Inc. pays dividends quarterly — 4 times per year.

How long has TPG RE Finance Trust, Inc. paid dividends?

TPG RE Finance Trust, Inc. has 8 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.