MSDL Dividend History & Yield
Morgan Stanley Direct Lending Fund · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Wed, Sep 30, 2026 (in 22 days) | Oct 14, 2026 | $0.45 | $45.00 | Declared |
| Tue, Dec 29, 2026 (in 112 days) | Jan 12, 2027 | $0.45 | $45.00 | Estimated |
| Mon, Mar 29, 2027 (in 202 days) | Apr 12, 2027 | $0.45 | $45.00 | Estimated |
| Sun, Jun 27, 2027 (in 292 days) | Jul 11, 2027 | $0.45 | $45.00 | Estimated |
Estimated dates and amounts are projected from MSDL's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $1.80 per share.
Dividend payment history
Last 12 payments per share. RegularSpecial
Annual dividends per share
How much MSDL do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 667 | $10,027 | $1,200 |
| $500 / month | 3,334 | $50,133 | $6,000 |
| $1,000 / month | 6,667 | $100,267 | $12,000 |
Based on the forward yield of 11.97%. $10,000 in MSDL would currently pay about $1,197 a year ($100 a month on average). Model reinvestment and growth →
MSDL dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Jun 30, 2026 | — | $0.45 | +0.0% |
| Mar 31, 2026 | — | $0.45 | -10.0% |
| Dec 31, 2025 | — | $0.50 | +0.0% |
| Sep 30, 2025 | — | $0.50 | +0.0% |
| Jun 30, 2025 | — | $0.50 | +0.0% |
| Mar 31, 2025 | — | $0.50 | +0.0% |
| Dec 31, 2024 | — | $0.50 | +400.0% |
| Nov 4, 2024 | — | $0.10 | -80.0% |
| Sep 30, 2024 | — | $0.50 | +400.0% |
| Aug 5, 2024 | — | $0.10 | -80.0% |
| Jun 28, 2024 | — | $0.50 | +0.0% |
| Mar 27, 2024 | — | $0.50 | — |
Payout risk check
MSDL 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 Morgan Stanley Direct Lending Fund
Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund. The fund chiefly invests in riskier bonds, issued by middle-market companies or by private equity firms looking to finance their acquisitions.
Sector: Financial Services. Industry: Asset Management. First dividend on our records: Mar 27, 2024. 12 payments tracked.
MSDL dividend FAQ
When is MSDL's next ex-dividend date?
MSDL'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 $0.45 per share, expected on Oct 14, 2026.
How often does MSDL pay dividends?
MSDL pays dividends every quarter, 4 times a year. The most recent payment was $0.45 per share with an ex-date of Jun 30, 2026.
What is MSDL's dividend yield?
MSDL's trailing 12-month dividend yield is 12.63%, based on $1.90 per share paid over the last year and a share price of $15.04. The forward yield, using the indicated annual rate of $1.80 per share, is 11.97%.
How much does MSDL pay per share?
MSDL pays about $0.45 per share each quarter, which works out to roughly $1.80 per share a year. 100 shares would collect about $180.00 a year.
Has MSDL grown or cut its dividend?
Over the last year the regular payout changed -9.5%. MSDL did cut a regular payment within the last 5 years.
How many shares of MSDL do I need to earn $100 a month?
At the current forward yield of 11.97%, you would need about 667 shares of MSDL (roughly $10,027 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.
Similar dividend stocks
| Symbol | Type | Price | TTM yield | Annual / share | Frequency | Next ex-date | Trend |
|---|---|---|---|---|---|---|---|
| JPMJPMorgan Chase & Co. | Stock | $353.51 | 1.70% | $6.00 | Quarterly | Oct 5 Est. | |
| VVisa Inc. | Stock | $368.64 | 0.73% | $2.68 | Quarterly | Nov 10 Est. | |
| MAMastercard Incorporated | Stock | $570.89 | 0.59% | $3.48 | Quarterly | Oct 8 Est. | |
| BACBank of America Corporation | Stock | $62.39 | 1.86% | $1.28 | Quarterly | Dec 4 Est. | |
| HSBCHSBC Holdings plc | Stock | $106.26 | 3.53% | $2.00 | Quarterly | Nov 16 Est. | |
| MSMorgan Stanley | Stock | $216.24 | 1.92% | $4.60 | Quarterly | Oct 31 Est. | |
| GSThe Goldman Sachs Group, Inc. | Stock | $1,036.53 | 1.74% | $20.00 | Quarterly | Dec 1 Est. | |
| RYRoyal Bank of Canada | Stock | $209.00 | 1.17% | $4.996 | Quarterly | Oct 26 Declared |