MSDL Dividend History & Yield
Morgan Stanley Direct Lending Fund · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Wed, Dec 30, 2026 (in 66 days) | Jan 13, 2027 | $0.45 | $45.00 | Estimated |
| Wed, Mar 31, 2027 (in 157 days) | Apr 14, 2027 | $0.45 | $45.00 | Estimated |
| Wed, Jun 30, 2027 (in 248 days) | Jul 14, 2027 | $0.45 | $45.00 | Estimated |
| Wed, Sep 29, 2027 (in 339 days) | Oct 13, 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 13 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 | $8,813 | $1,200 |
| $500 / month | 3,334 | $44,067 | $6,000 |
| $1,000 / month | 6,667 | $88,133 | $12,000 |
Based on the forward yield of 13.62%. $10,000 in MSDL would currently pay about $1,362 a year ($113 a month on average). Model reinvestment and growth →
MSDL dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Sep 30, 2026 | — | $0.45 | +0.0% |
| 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 | — |
MSDL dividend increases & cuts
Market-wide changes →| Ex-date | Change | Old | New | Status |
|---|---|---|---|---|
| Mar 31, 2026 | Cut 10.0% | $0.50 | $0.45 | Paid |
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
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. 13 payments tracked. Data last refreshed Oct 24, 2026. Spotted a mistake? Report it and we'll fix it.
MSDL dividend FAQ
When is MSDL's next ex-dividend date?
MSDL's next ex-dividend date is Dec 30, 2026 (in 66 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.45 per share, expected on Jan 13, 2027.
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 Sep 30, 2026.
What is MSDL's dividend yield?
MSDL's trailing 12-month dividend yield is 13.99%, based on $1.85 per share paid over the last year and a share price of $13.22. The forward yield, using the indicated annual rate of $1.80 per share, is 13.62%.
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 -11.9%. 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 13.62%, you would need about 667 shares of MSDL (roughly $8,813 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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