TRTX Dividend History & Yield

TPG RE Finance Trust, Inc. · NYSE

Stock Real Estate Quarterly payer High yieldMreitREIT
$7.72
-2.09% today
as of Sep 8, 2026
TTM yield
12.43%
$0.96/share over the last 12 months
Forward yield
12.43%
$0.96/share indicated annual rate
Annual dividend
$0.96
per share, forward
Per payment
$0.24
per share, every quarter
Frequency
Quarterly
4 payments a year
Next ex-dividend date
Sep 25, 2026 Estimated
in 17 days
Next pay date
Oct 9, 2026
in 31 days
Last ex-dividend date
Jun 26, 2026
$0.24 per share
Payout ratio
n/a
REIT: use FFO payout instead
Market cap
593.0M
P/E 14.0
5y dividend CAGR
-0.4%
annualised, regular payments
Growth streak
0 yrs
no current streak
Years paying
8.9
since Oct 5, 2017
1y total return
-7.1%
price -17.4% + dividends 10.3%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Fri, Sep 25, 2026 (in 17 days) Oct 9, 2026 $0.24 $24.00 Estimated
Fri, Dec 25, 2026 (in 108 days) Jan 8, 2027 $0.24 $24.00 Estimated
Fri, Mar 26, 2027 (in 199 days) Apr 9, 2027 $0.24 $24.00 Estimated
Fri, Jun 25, 2027 (in 290 days) Jul 9, 2027 $0.24 $24.00 Estimated

Estimated dates and amounts are projected from TRTX's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $0.96 per share.

Dividend payment history

Last 37 payments per share. RegularSpecial

Last 37 payments per share from Oct 5, 2017 to Jun 26, 2026; most recent $0.24$0.00$0.25$0.50Oct 5, 2017: $0.33Oct '17Dec 28, 2017: $0.38Mar 28, 2018: $0.42Jun 22, 2018: $0.43Sep 27, 2018: $0.43Dec 27, 2018: $0.43Dec '18Mar 28, 2019: $0.43Jun 27, 2019: $0.43Sep 26, 2019: $0.43Dec 26, 2019: $0.43Mar 26, 2020: $0.43Mar '20Jun 12, 2020: $0.43Jun 25, 2020: $0.20Sep 24, 2020: $0.20Dec 24, 2020: $0.38Mar 25, 2021: $0.20Mar '21Jun 25, 2021: $0.20Sep 28, 2021: $0.24Dec 28, 2021: $0.31Mar 28, 2022: $0.24Jun 27, 2022: $0.24Jun '22Sep 27, 2022: $0.24Dec 28, 2022: $0.24Mar 28, 2023: $0.24Jun 27, 2023: $0.24Sep 27, 2023: $0.24Sep '23Dec 28, 2023: $0.24Mar 27, 2024: $0.24Jun 27, 2024: $0.24Sep 27, 2024: $0.24Dec 27, 2024: $0.24Dec '24Mar 28, 2025: $0.24Jun 27, 2025: $0.24Sep 26, 2025: $0.24Dec 26, 2025: $0.24Mar 27, 2026: $0.24Mar '26Jun 26, 2026: $0.24

Annual dividends per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$1.00$2.002017: $0.71$0.7120172018: $1.71$1.7120182019: $1.72$1.7220192020: $1.64$1.6420202021: $0.95$0.9520212022: $0.96$0.9620222023: $0.96$0.9620232024: $0.96$0.9620242025: $0.96$0.9620252026 (YTD): $0.48$0.482026 YTD

How much TRTX do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month1,250$9,656$1,200
$500 / month6,250$48,281$6,000
$1,000 / month12,500$96,562$12,000

Based on the forward yield of 12.43%. $10,000 in TRTX would currently pay about $1,243 a year ($104 a month on average). Model reinvestment and growth →

TRTX dividend history

Show all 37 payments
Ex-datePay dateAmountChange
Jun 26, 2026 $0.24 +0.0%
Mar 27, 2026 $0.24 +0.0%
Dec 26, 2025 $0.24 +0.0%
Sep 26, 2025 $0.24 +0.0%
Jun 27, 2025 $0.24 +0.0%
Mar 28, 2025 $0.24 +0.0%
Dec 27, 2024 $0.24 +0.0%
Sep 27, 2024 $0.24 +0.0%
Jun 27, 2024 $0.24 +0.0%
Mar 27, 2024 $0.24 +0.0%
Dec 28, 2023 $0.24 +0.0%
Sep 27, 2023 $0.24 +0.0%
Jun 27, 2023 $0.24 +0.0%
Mar 28, 2023 $0.24 +0.0%
Dec 28, 2022 $0.24 +0.0%
Sep 27, 2022 $0.24 +0.0%
Jun 27, 2022 $0.24 +0.0%
Mar 28, 2022 $0.24 -22.6%
Dec 28, 2021 $0.31 +29.2%
Sep 28, 2021 $0.24 +20.0%
Jun 25, 2021 $0.20 +0.0%
Mar 25, 2021 $0.20 -47.4%
Dec 24, 2020 $0.38 +90.0%
Sep 24, 2020 $0.20 +0.0%

Payout risk check

Yield-trap heuristicElevated risk

TRTX scores 50/100 on our yield-trap heuristic (elevated risk).

3 warning flags raised:

  • 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 TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes.

Sector: Real Estate. Industry: REIT - Mortgage. First dividend on our records: Oct 5, 2017. 37 payments tracked.

TRTX dividend FAQ

When is TRTX's next ex-dividend date?

TRTX's next ex-dividend date is Sep 25, 2026 (in 17 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.24 per share, expected on Oct 9, 2026.

How often does TRTX pay dividends?

TRTX pays dividends every quarter, 4 times a year. The most recent payment was $0.24 per share with an ex-date of Jun 26, 2026.

What is TRTX's dividend yield?

TRTX's trailing 12-month dividend yield is 12.43%, based on $0.96 per share paid over the last year and a share price of $7.72. The forward yield, using the indicated annual rate of $0.96 per share, is 12.43%.

How much does TRTX pay per share?

TRTX pays about $0.24 per share each quarter, which works out to roughly $0.96 per share a year. 100 shares would collect about $96.00 a year.

Has TRTX grown or cut its dividend?

Over the last 5 years the regular payout has shrunk at 0.4% a year (+0.0% over the last year). TRTX did cut a regular payment within the last 5 years.

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

At the current forward yield of 12.43%, you would need about 1,250 shares of TRTX (roughly $9,656 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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