OCSL Dividend History & Analysis | 12.3% Yield

OCSL has a dividend yield of 12.3% and paid 1.47 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 12.31%
Payout Ratio 94.2%
Growth Rate CAGR 5y -11.3%
Consistency Lifetime 83.9%
Yield on Cost 5y 12.3%
Payout FCF 116.3%
Streak Years -
Dividend Rating 24.9%
Chowder Number yield + growth 1.1% below 12% target for healthy growth
Yield vs Average 5y +10.1% avg 11.18% vs now 12.31%
Debt / EBITDA leverage 6.2x elevated
Income per 10k invested 1,231 USD per year
Dividends Cash Amount per Share Yearly OCSL annual dividends paid per share, showing the total cash Oaktree Specialty Lending distributed to shareholders each year.
Dividend Growth Year over Year OCSL year-over-year dividend growth rate, showing how Oaktree Specialty Lending's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History OCSL dividend yield history versus share price over the past 5 years, showing how Oaktree Specialty Lending's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) ■ Price (left)

Top Dividend Payers in Asset Management & Custody Banks

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
ECAT NYSE
BlackRock ESG Capital
1,447 M 21.60% 34.24%
BCAT NYSE
BlackRock Capital
1,517 M 20.89% 32.68%
TRIN NASDAQ
Trinity Capital
1,593 M 16.14% 31.92%
TRIN NYSE
Trinity Capital
1,593 M 16.14% 31.92%
TYG NYSE
Tortoise Energy
1,027 M 12.49% 33.16%
FSCO NYSE
FS Credit Opportunities
1,078 M 13.59% 27.06%
FSK NYSE
FS KKR Capital
3,120 M 17.46% 19.22%
BCSF NYSE
Bain Capital Specialty
719 M 14.95% 22.32%
CGBD NASDAQ
Carlyle Secured Lending
785 M 13.41% 17.51%
MFIC NASDAQ
MidCap Financial Investment
743 M 12.69% 18.32%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
ASA NYSE
ASA Gold Precious Metals
1,073 M 43.50% 99.2%
ECAT NYSE
BlackRock ESG Capital
1,447 M 43.18% 91.7%
BCAT NYSE
BlackRock Capital
1,517 M 37.69% 100.0%
AAMI NYSE
Acadian Asset Management
3,220 M 41.58% 97.5%
SLRC NASDAQ
SLR Investment
655 M 37.06% 98.3%
KBDC NYSE
Kayne Anderson BDC
863 M 35.03% 100.0%
VCTR NASDAQ
Victory Capital Holdings
6,554 M 22.44% 91.7%
BXSL NYSE
Blackstone Secured Lending
5,787 M 25.33% 90.8%
STEP NASDAQ
Stepstone
5,978 M 21.60% 98.9%
ARES NYSE
Ares Management
42,026 M 20.24% 91.7%

OCSL Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan - -
Feb - -
Mar 2.98% 100
Apr - -
May - -
Jun 2.83% 100
Jul - -
Aug - -
Sep 2.92% 89
Oct - -
Nov - -
Dec 3.29% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 20 Payments (USD) as of September 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-09-15 2026-09-15 2026-09-30 Quarterly 0.33 -2.9% 2.66%
2026-06-15 2026-06-15 2026-06-30 Quarterly 0.34 -15% 2.87%
2026-03-16 2026-03-16 2026-03-31 Quarterly 0.4 0% 3.74%
2025-12-15 2025-12-15 2025-12-31 Quarterly 0.4 0% 3.04%
2025-09-15 2025-09-15 2025-09-30 Quarterly 0.4 -4.8% 2.98%
2025-06-16 2025-06-16 2025-06-30 Quarterly 0.42 -10.6% 3%
2025-03-17 2025-03-17 2025-03-31 Quarterly 0.47 -14.5% 3.07%
2024-12-16 2024-12-16 2024-12-31 Quarterly 0.55 0% 3.56%
2024-09-16 2024-09-16 2024-09-30 Quarterly 0.55 0% 3.42%
2024-06-14 2024-06-14 2024-06-28 Quarterly 0.55 0% 2.91%
2024-03-14 2024-03-15 2024-03-29 Quarterly 0.55 -11.3% 2.86%
2023-12-14 2023-12-15 2023-12-29 Quarterly 0.62 +12.7% 3.08%
2023-09-14 2023-09-15 2023-09-29 Quarterly 0.55 0% 2.73%
2023-06-14 2023-06-15 2023-06-30 Quarterly 0.55 0% 2.84%
2023-03-14 2023-03-15 2023-03-31 Quarterly 0.55 +71.9% 3.01%
2022-12-14 2022-12-15 2022-12-30 Quarterly 0.32 +88.2% 4.67%
2022-09-14 2022-09-15 2022-09-30 Quarterly 0.17 +3% 2.55%
2022-06-14 2022-06-15 2022-06-30 Quarterly 0.165 +3.1% 2.54%
2022-03-14 2022-03-15 2022-03-31 Quarterly 0.16 +3.2% 2.2%
2021-12-14 2021-12-15 2021-12-31 Quarterly 0.155 0% 2.11%

OCSL Dividend FAQ

What is the Dividend Yield of OCSL?

As of September 2026, OCSL's dividend yield is 12.31%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.47 USD by the current share price of 12.10.

Does OCSL pay a dividend?

As of September 2026, OCSL paid a dividend of 1.47 USD in the last 12 months. The last dividend was paid on 2026-09-15 and the payout was 0.33 USD.

How often does OCSL pay dividends?

OCSL pays dividends quarterly. Over the last 12 months, OCSL has issued 4 dividend payments. The last dividend payment was made on 2026-09-15.

OCSL dividend forecast

Based on historical data, the forecasted dividends per share for OCSL for the next payments are between 0.315 (-4.5%) and 0.438 (+32.7%). This represents a strong dividend growth compared to the last payment. The expected Yield for the next 12 months is about 12.6%.

Will OCSL pay dividends in 2026?

The latest dividend paid per share was 0.33 USD with an Ex-Dividend Date of 2026-09-15. The next Ex-Dividend date for Oaktree Specialty Lending (OCSL) is currently unknown.

What is the next Ex-Dividend Date for OCSL?

The next Ex-Dividend date for Oaktree Specialty Lending (OCSL) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of OCSL?

OCSL's average dividend growth rate over the past 5 years is -11.3% per year. Negative growth: OCSL's dividend growth is negative and declining.

What is the Yield on Cost of OCSL?

OCSL's 5-Year Yield on Cost is 12.3%. If you bought OCSL's shares at 11.91 USD five years ago, your current annual dividend income (1.47 USD per share, trailing 12 months) equals 12.3% of your original purchase price.

What is the Payout Consistency of OCSL?

OCSL Payout Consistency is 83.9%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Moderately consistent: Oaktree Specialty Lending has a good track record of consistent dividend payments over its lifetime.

Does OCSL have a good Dividend Yield?

OCSL's 12.31% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of OCSL?

The Dividend Payout Ratio of OCSL is 94.2%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of OCSL?

OCSL's Overall Dividend Rating is 24.93%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

OCSL Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in OCSL's Outstanding Shares?

Oaktree Specialty Lending's outstanding shares have increased by approximately 4.51% annually over the past 3 years (Trend Reliability: 92.0%). Watch carefully: The company is issuing new shares, diluting existing shareholders. Dividend growth may lag earnings growth as payouts are spread across more shares.

Has OCSL ever had a Stock Split?

Yes, the last stock split was on Jan 23, 2023 with a ratio of 1:3. This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
2007 4,160,300 0%
2008 7,520,700 +80.77%
2009 12,626,800 +67.89%
2010 18,213,700 +44.25%
2011 26,971,000 +48.08%
2012 34,226,300 +26.9%
2013 48,972,000 +43.08%
2014 51,113,500 +4.37%
2015 52,684,000 +3.07%
2016 47,618,000 -9.62%
2017 46,987,000 -1.33%
2018 46,987,000 0%
2019 46,987,000 0%
2020 46,987,000 0%
2021 60,127,000 +27.97%
2022 61,142,000 +1.69%
2023 77,840,000 +27.31%
2024 82,245,000 +5.66%
2025 88,086,000 +7.1%
2026 88,086,000 0%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-09-18 02:37 UTC