Oaktree Specialty Lending Corporation
OCSLFinancial Services · Stock · quarterly payer
$12.22
Add to PortfolioForward Yield
12.61%
Annual Dividend
$1.54
Payout Ratio
275%
5-Yr Growth
6.4%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
OCSL Dividend Safety Score
45/ 100
Grade D
Risky
Dividend-growth streak0 consecutive years of growth
Cut historyCut its dividend in 2025
Earnings payout coverage275% of earnings paid out
Balance-sheet strengthDebt/equity of 1.08
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is OCSL a good dividend stock?
MixedOaktree Specialty Lending Corporation (OCSL) pays a quarterly dividend yielding 12.61% ($1.54/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 6.4% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (275%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.61%
- Payout Ratio
- 275%
- Annual Dividend
- $1.54
- 5-Yr Avg Growth
- 6.4%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.57
- Market Cap
- $1.1B
- P/E Ratio
- 20.7
- 5-Yr Total Return
- -40%
- 52-Week Range
- $10.63 – $14.77
- Dividend Safety
- D · 45/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 16, 2026 | — | $0.4000 | regular |
| Dec 15, 2025 | — | $0.4000 | regular |
| Sep 15, 2025 | — | $0.4000 | regular |
| Jun 16, 2025 | — | $0.4200 | regular |
| Mar 17, 2025 | — | $0.4700 | regular |
| Dec 16, 2024 | — | $0.5500 | regular |
| Sep 16, 2024 | — | $0.5500 | regular |
| Jun 14, 2024 | — | $0.5500 | regular |
| Mar 14, 2024 | — | $0.5500 | regular |
| Dec 14, 2023 | — | $0.6200 | regular |
| Sep 14, 2023 | — | $0.5500 | regular |
| Jun 14, 2023 | — | $0.5500 | regular |
| Mar 14, 2023 | — | $0.5500 | regular |
| Dec 14, 2022 | — | $0.9600 | regular |
Income Calculator
At $1.54 / yr per share
Per payment (quarterly)$38.50
Annual$154.00
Monthly avg$12.83
