SmarterDividends
NCDL

Nuveen Churchill Direct Lending (NCDL) Dividend

Nuveen Churchill Direct Lending Corp. · Financial Services · Asset Management · quarterly payer

$11.81

Undervalued · +48% Add to Portfolio

As of Nov 8, 2026, Nuveen Churchill Direct Lending (NCDL) pays a quarterly dividend of $0.38 per share, or $1.52 a year, a 12.87% yield at its $11.81 share price. The next ex-dividend date is Dec 31, 2026, paid Jan 14, 2027. It has a dividend safety grade of C.

Forward Yield

12.87%

Annual Dividend

$1.52

Payout Ratio

182%

5-Yr Growth

—

Ex-Date

Dec 31, 2026

Frequency

Quarterly

Key facts about NCDL's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Nuveen Churchill Direct Lending Corp. (NCDL) has a forward dividend yield of 12.87%, based on an annual dividend of $1.52 per share and a share price of $11.81.
  • As of Nov 8, 2026, NCDL's dividend safety grade from SmarterDividends is C (63 out of 100), which rates the dividend as borderline.
  • NCDL has never cut its regular dividend in the payment history SmarterDividends has on record.
  • NCDL's next ex-dividend date is Dec 31, 2026, with payment on Jan 14, 2027. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, NCDL pays out 182% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NCDL is $17.44 per share, 48% above the $11.81 share price, so NCDL screens as undervalued.
  • Nuveen Churchill Direct Lending Corp. (NCDL) pays its dividend quarterly, 4 times a year.
  • Nuveen Churchill Direct Lending Corp. (NCDL) has raised its regular dividend 0 times and cut it 2 times across the 15 payments on record since 2024. Its most recent change was a 5.0% cut to $0.380 per share, going ex-dividend on Jun 30, 2026.
Cite this page

SmarterDividends, "NCDL Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NCDL

Is NCDL a good dividend stock?

Yes, with caveats

Nuveen Churchill Direct Lending Corp. (NCDL) pays a quarterly dividend yielding 12.87% ($1.52/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (182%)
  • Very high yield can signal elevated risk

Key Data

Dividend Yield
12.87%
Payout Ratio
182%
Annual Dividend
$1.52
5-Yr Avg Growth
—
Ex-Dividend Date
Dec 31, 2026
Years of Growth
1
Frequency
quarterly
Beta
—
Market Cap
$580.0M
P/E Ratio
13.3
5-Yr Total Return
—
52-Week Range
$10.31 – $15.07
Dividend Safety
C · 63/100
Ever Cut?
No

NCDL dividend raises and cuts

Nuveen Churchill Direct Lending Corp. (NCDL) has raised its regular dividend 0 times and cut it 2 times across the 15 payments on record since 2024. Its most recent change was a 5.0% cut to $0.380 per share, going ex-dividend on Jun 30, 2026.

Ex-dateChangeOld → newMove
Jun 30, 2026Cut$0.400 → $0.380−5.0%
Mar 31, 2026Cut$0.450 → $0.400−11.1%
Every NCDL payment →Download every raise and cut (CSV)
NCDL ex-dividend date & scheduleNext ex-date Dec 31, 2026 · full ex-dividend historyView →NCDL dividend historyEvery payment, totals by year, raises and cutsView →NCDL dividend calculator100 shares pay $152.00 a year, $38.00 each quarterCalculate →NCDL total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NCDL a good dividend stock?

Yes, with caveats. Nuveen Churchill Direct Lending Corp. (NCDL) pays a quarterly dividend yielding 12.87% ($1.52/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is NCDL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NCDL's fair value is about $17.44 versus a $11.81 share price — so it looks undervalued (+48% vs. fair value).

Is NCDL's dividend safe?

NCDL has a dividend-safety grade of C (63/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is NCDL's fair value?

Our blended fair-value estimate for NCDL is about $17.44 per share, roughly 48% above the current $11.81 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NCDL a buy, hold, or sell?

We don't issue formal ratings, but on the data NCDL screens as "yes, with caveats" and undervalued. Nuveen Churchill Direct Lending Corp. (NCDL) pays a quarterly dividend yielding 12.87% ($1.52/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will NCDL cut its dividend?

NCDL earns a dividend-safety grade of C (63/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NCDL pay a dividend?

Yes. Nuveen Churchill Direct Lending Corp. pays a quarterly dividend of about $1.52 per share annually, a forward yield of roughly 12.87%.

How much dividend does 100 shares of NCDL pay?

At $1.52 per share a year, 100 shares of NCDL pay $152.00 a year in dividends before tax, about $38.00 each quarter. Buying them costs about $1,181 at the Nov 8, 2026 price.

What is NCDL's dividend yield?

As of Nov 8, 2026, NCDL's forward dividend yield is 12.87%, based on a $1.52 annual dividend and a $11.81 share price.

What is NCDL's dividend per share?

As of Nov 8, 2026, NCDL pays $1.52 per share per year, distributed on a quarterly basis.

What is NCDL's dividend payout ratio?

As of Nov 8, 2026, NCDL's payout ratio is 182% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NCDL grown its dividend?

As of Nov 8, 2026, NCDL has increased its dividend for 1 consecutive years.

When is the next NCDL ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for NCDL is Dec 31, 2026.

NCDL Dividend News

NCDL
CutNCDL·Jul 1, 2026

Nuveen Churchill Direct Lending Cuts Quarterly Dividend

Nuveen Churchill Direct Lending Corp. reduced its quarterly dividend to $0.38 per share, a 5% cut, with the stock going ex-dividend on June 30, 2026.

Income Calculator

At $1.52 / yr per share

Per payment (quarterly)$38.00
Annual$152.00
Monthly avg$12.67
Full NCDL dividend calculator →

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