NCDL Dividend History & Yield

Nuveen Churchill Direct Lending Corp. · NYSE

Stock Financial Services Quarterly payer BDCHigh yield
$12.27
-2.00% today
as of Sep 8, 2026
TTM yield
13.69%
$1.68/share over the last 12 months
Forward yield
12.39%
$1.52/share indicated annual rate
Annual dividend
$1.52
per share, forward
Per payment
$0.38
per share, every quarter
Frequency
Quarterly
4 payments a year
Next ex-dividend date
Sep 30, 2026 Declared
in 22 days
Next pay date
Oct 14, 2026
in 36 days
Last ex-dividend date
Jun 30, 2026
$0.38 per share
Payout ratio
177%
of earnings
Market cap
606.0M
P/E 13.1
5y dividend CAGR
n/a
needs 6+ years of history
Growth streak
0 yrs
no current streak
Years paying
2.5
since Mar 27, 2024
1y total return
-12.7%
price -23.2% + dividends 10.5%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Wed, Sep 30, 2026 (in 22 days) Oct 14, 2026 $0.38 $38.00 Declared
Tue, Dec 29, 2026 (in 112 days) Jan 12, 2027 $0.38 $38.00 Estimated
Mon, Mar 29, 2027 (in 202 days) Apr 12, 2027 $0.38 $38.00 Estimated
Sun, Jun 27, 2027 (in 292 days) Jul 11, 2027 $0.38 $38.00 Estimated

Estimated dates and amounts are projected from NCDL's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $1.52 per share.

Dividend payment history

Last 14 payments per share. RegularSpecial

Last 14 payments per share from Mar 27, 2024 to Jun 30, 2026; most recent $0.38$0.00$0.25$0.50Mar 27, 2024: $0.45Mar '24May 10, 2024: $0.10Jun 28, 2024: $0.45Jun '24Aug 12, 2024: $0.10Sep 30, 2024: $0.45Sep '24Nov 8, 2024: $0.10Dec 31, 2024: $0.45Dec '24Feb 12, 2025: $0.10Mar 31, 2025: $0.45Mar '25Jun 30, 2025: $0.45Sep 30, 2025: $0.45Sep '25Dec 31, 2025: $0.45Mar 31, 2026: $0.40Mar '26Jun 30, 2026: $0.38

Annual dividends per share

Annual dividend per share by calendar year, 2024 to 2026 (year to date)$0.00$1.25$2.502024: $2.10$2.1020242025: $1.90$1.9020252026 (YTD): $0.78$0.782026 YTD

How much NCDL do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month790$9,687$1,200
$500 / month3,948$48,434$6,000
$1,000 / month7,895$96,868$12,000

Based on the forward yield of 12.39%. $10,000 in NCDL would currently pay about $1,239 a year ($103 a month on average). Model reinvestment and growth →

NCDL dividend history

Ex-datePay dateAmountChange
Jun 30, 2026 $0.38 -5.0%
Mar 31, 2026 $0.40 -11.1%
Dec 31, 2025 $0.45 +0.0%
Sep 30, 2025 $0.45 +0.0%
Jun 30, 2025 $0.45 +0.0%
Mar 31, 2025 $0.45 +350.0%
Feb 12, 2025 $0.10 -77.8%
Dec 31, 2024 $0.45 +350.0%
Nov 8, 2024 $0.10 -77.8%
Sep 30, 2024 $0.45 +350.0%
Aug 12, 2024 $0.10 -77.8%
Jun 28, 2024 $0.45 +350.0%
May 10, 2024 $0.10 -77.8%
Mar 27, 2024 $0.45

Payout risk check

Yield-trap heuristicElevated risk

NCDL scores 85/100 on our yield-trap heuristic (elevated risk).

4 warning flags raised:

  • Payout ratio above 100% of earnings
  • Yield above 12%, far above market norms
  • Payment was cut within the last 5 years
  • Share price down more than 15% over 1 year

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About Nuveen Churchill Direct Lending Corp.

Nuveen Churchill Direct Lending Corp. (the “Company”) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”).

Sector: Financial Services. Industry: Asset Management. First dividend on our records: Mar 27, 2024. 14 payments tracked.

NCDL dividend FAQ

When is NCDL's next ex-dividend date?

NCDL's next ex-dividend date is Sep 30, 2026 (in 22 days, declared by the company). You must own the shares before that date to receive the payment of about $0.38 per share, expected on Oct 14, 2026.

How often does NCDL pay dividends?

NCDL pays dividends every quarter, 4 times a year. The most recent payment was $0.38 per share with an ex-date of Jun 30, 2026.

What is NCDL's dividend yield?

NCDL's trailing 12-month dividend yield is 13.69%, based on $1.68 per share paid over the last year and a share price of $12.27. The forward yield, using the indicated annual rate of $1.52 per share, is 12.39%.

How much does NCDL pay per share?

NCDL pays about $0.38 per share each quarter, which works out to roughly $1.52 per share a year. 100 shares would collect about $152.00 a year.

Has NCDL grown or cut its dividend?

Over the last year the regular payout changed -16.0%. NCDL did cut a regular payment within the last 5 years.

How many shares of NCDL do I need to earn $100 a month?

At the current forward yield of 12.39%, you would need about 790 shares of NCDL (roughly $9,687 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.

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