Morgan Stanley Direct Lending Fund (MSDL) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $1.85
- Forward yield
- 14.25%
- Payout ratio
- 96.9%
Morgan Stanley Direct Lending Fund pays a quarterly dividend of $0.45 per share. Its most recent payment had an ex-date of September 30, 2026 and is payable on October 23, 2026. Over the trailing twelve months, it paid $1.85 per share, a yield of 13.72% at a share price of $13.48.
The record in the table is short and starts in March 2024. From then through the December 2025 ex-date, the regular quarterly amount was $0.50 per share. In 2024 there were also two smaller additional payments of $0.10 each, with ex-dates of August 5 and November 4, paid together with the regular October and January payments. Leaving those out, regular payments came to $2.00 in both 2024 and 2025. The amount moved to $0.45 with the payment that went ex-dividend on March 31, 2026, 10% lower, and has stayed there for three payments. The source gives no growth streak.
Ex-dates fall on the last business day of each quarter, and payment follows in the fourth week of the next month. If the pattern holds, the next payment would go ex-dividend at the end of December 2026 and be paid in late January 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Aug 4, 2026 | Sep 30, 2026 | Oct 23, 2026 | $0.45 |
| May 5, 2026 | Jun 30, 2026 | Jul 24, 2026 | $0.45 |
| Feb 26, 2026 | Mar 31, 2026 | Apr 24, 2026 | $0.45 |
| Nov 6, 2025 | Dec 31, 2025 | Jan 23, 2026 | $0.50 |
| Aug 7, 2025 | Sep 30, 2025 | Oct 24, 2025 | $0.50 |
| May 8, 2025 | Jun 30, 2025 | Jul 25, 2025 | $0.50 |
| Feb 27, 2025 | Mar 31, 2025 | Apr 25, 2025 | $0.50 |
| Nov 4, 2024 | Dec 31, 2024 | Jan 24, 2025 | $0.50 |
| Mar 1, 2024 | Nov 4, 2024 | Jan 24, 2025 | $0.10 |
| Aug 8, 2024 | Sep 30, 2024 | Oct 25, 2024 | $0.50 |
| Mar 1, 2024 | Aug 5, 2024 | Oct 25, 2024 | $0.10 |
| May 8, 2024 | Jun 28, 2024 | Jul 25, 2024 | $0.50 |
| Feb 29, 2024 | Mar 27, 2024 | Apr 25, 2024 | $0.50 |
Frequently asked questions
Does Morgan Stanley Direct Lending Fund (MSDL) pay a dividend?
Yes. Morgan Stanley Direct Lending Fund pays a quarterly dividend; the most recent payment was $0.45 per share.
What is MSDL's dividend yield?
Morgan Stanley Direct Lending Fund paid $1.85 per share over the trailing twelve months, a yield of 14.25% at the last price of $12.98. Click here to learn more
When is MSDL's most recent ex-dividend date?
Morgan Stanley Direct Lending Fund's most recent ex-dividend date is Sep 30, 2026, payable on Oct 23, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.