SmarterDividends
TRTX

TPG RE Finance Trust, Inc.

TRTX

Real Estate · REIT - Mortgage · Stock · quarterly payer

$6.25

Undervalued · +57% Add to Portfolio

Forward Yield

15.36%

Annual Dividend

$0.96

Payout Ratio

175%

5-Yr Growth

-6.1%

Ex-Date

Sep 28, 2026

Frequency

Quarterly

Key facts about TRTX's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, TPG RE Finance Trust, Inc. (TRTX) has a forward dividend yield of 15.36%, based on an annual dividend of $0.96 per share and a share price of $6.25.
  • As of Oct 27, 2026, TRTX's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
  • TRTX last cut its regular dividend in 2021.
  • TRTX's most recent ex-dividend date was Sep 28, 2026, for a dividend of $0.24 per share.
  • As of Oct 27, 2026, TRTX pays out 175% of its trailing 12-month earnings as dividends (its payout ratio).
  • TRTX's dividend has shrunk at an average rate of 6.1% a year over the past five years.
  • As of Oct 27, 2026, TRTX's 15.36% yield is 41% above its five-year average yield of 10.86%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for TRTX is $9.78 per share, 57% above the $6.25 share price, so TRTX screens as undervalued.
  • TPG RE Finance Trust, Inc. (TRTX) pays its dividend quarterly, 4 times a year.
  • TPG RE Finance Trust, Inc. (TRTX) has raised its regular dividend 4 times and cut it 1 time across the 38 payments on record since 2017. Its most recent change was a 20.0% increase to $0.240 per share, going ex-dividend on Sep 28, 2021. The last cut went ex-dividend on Jun 25, 2020.
Cite this page

SmarterDividends, "TRTX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/TRTX

Summary

As of Oct 27, 2026, TPG RE Finance Trust, Inc. (TRTX) yields 15.36% ($0.96 a year per share) and has a dividend safety grade of D (46/100).

Is TRTX a good dividend stock?

Mixed

TPG RE Finance Trust, Inc. (TRTX) pays a quarterly dividend yielding 15.36% ($0.96/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

    Risks

    • Cut its dividend in 2021
    • Elevated payout ratio (175%)
    • Dividend has been shrinking, not growing
    • 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
    15.36%
    Payout Ratio
    175%
    Annual Dividend
    $0.96
    5-Yr Avg Growth
    -6.1%
    Ex-Dividend Date
    Sep 28, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    1.53
    Market Cap
    $483.2M
    P/E Ratio
    11.4
    5-Yr Total Return
    -49%
    52-Week Range
    $5.60 – $9.37
    Dividend Safety
    D · 46/100
    Ever Cut?
    Yes (2021)

    TRTX dividend raises and cuts

    TPG RE Finance Trust, Inc. (TRTX) has raised its regular dividend 4 times and cut it 1 time across the 38 payments on record since 2017. Its most recent change was a 20.0% increase to $0.240 per share, going ex-dividend on Sep 28, 2021. The last cut went ex-dividend on Jun 25, 2020.

    Ex-dateChangeOld → newMove
    Sep 28, 2021Raise$0.200 → $0.240+20.0%
    Jun 25, 2020Cut$0.430 → $0.200−53.5%
    Jun 22, 2018Raise$0.420 → $0.430+2.4%
    Mar 28, 2018Raise$0.380 → $0.420+10.5%
    Dec 28, 2017Raise$0.330 → $0.380+15.2%
    Every TRTX payment →Download every raise and cut (CSV)
    TRTX ex-dividend date & scheduleNext ex-date Sep 28, 2026 · full ex-dividend historyView →TRTX dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is TRTX a good dividend stock?

    Mixed. TPG RE Finance Trust, Inc. (TRTX) pays a quarterly dividend yielding 15.36% ($0.96/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.

    Is TRTX undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TRTX's fair value is about $9.78 versus a $6.25 share price — so it looks undervalued (+57% vs. fair value).

    Is TRTX's dividend safe?

    TRTX has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is TRTX's fair value?

    Our blended fair-value estimate for TRTX is about $9.78 per share, roughly 57% above the current $6.25 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is TRTX a buy, hold, or sell?

    We don't issue formal ratings, but on the data TRTX screens as "mixed" and undervalued. TPG RE Finance Trust, Inc. (TRTX) pays a quarterly dividend yielding 15.36% ($0.96/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. This is research for your own analysis, not investment advice.

    Will TRTX cut its dividend?

    TRTX earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does TRTX pay a dividend?

    Yes. TPG RE Finance Trust, Inc. pays a quarterly dividend of about $0.96 per share annually, a forward yield of roughly 15.36%.

    What is TRTX's dividend yield?

    As of Oct 27, 2026, TRTX's forward dividend yield is 15.36%, based on a $0.96 annual dividend and a $6.25 share price.

    What is TRTX's dividend per share?

    As of Oct 27, 2026, TRTX pays $0.96 per share per year, distributed on a quarterly basis.

    What is TRTX's dividend payout ratio?

    As of Oct 27, 2026, TRTX's payout ratio is 175% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has TRTX grown its dividend?

    TRTX does not currently have a long dividend-growth streak on record.

    When is the next TRTX ex-dividend date?

    As of Oct 27, 2026, TRTX's next ex-dividend date hasn't been announced. The most recent was Sep 28, 2026, for $0.24 per share.

    Income Calculator

    At $0.96 / yr per share

    Per payment (quarterly)$24.00
    Annual$96.00
    Monthly avg$8.00

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