# Nuveen Churchill Direct Lending Corp. (NCDL): Dividend & Fundamentals

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- Sector: Financial Services · Industry: Asset Management
- Exchange: NYSE · Trading currency: USD

Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predomina...

## Quote & Key Metrics

As of 2026-10-23:

| Metric | Value |
|---|---|
| Price | $10.55 USD |
| Market Cap | $521.0M |
| P/E (TTM) | 6.24 |
| EPS (TTM) | $1.69 |
| 52-Week Range | $10.31 – $15.07 |
| Dividend Yield (TTM) | 15.26% |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | 15.26% |
| Annual Dividend (TTM) | $1.61 /share |
| Annual Dividend (Forward) | $0.76 /share |
| Frequency | Semi-Annual |
| Consecutive Growth Streak | 0 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | -48.8% / — / — / — |
| Payout Ratio (EPS, TTM) | 176.3% |
| Payout Ratio (FCF, TTM) | 73.4% |
| Payout Ratio (EPS, forward dividend) | 79.8% |
| Payout Ratio (FCF, forward dividend) | 33.2% |

### Recent Payments

| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-09-30 | $0.3800 | 2026-10-27 |
| 2026-06-30 | $0.3800 | 2026-07-28 |
| 2026-03-31 | $0.4000 | 2026-04-28 |
| 2025-12-31 | $0.4500 | 2026-01-27 |
| 2025-09-30 | $0.4500 | 2025-10-28 |
| 2025-06-30 | $0.4500 | 2025-07-28 |
| 2025-03-31 | $0.4500 | 2025-04-28 |
| 2025-02-12 | $0.1000 | 2025-04-28 |
| 2024-12-31 | $0.4500 | 2025-01-28 |
| 2024-11-08 | $0.1000 | 2025-01-28 |
| 2024-09-30 | $0.4500 | 2024-10-28 |
| 2024-08-12 | $0.1000 | 2024-10-28 |

Full history: https://www.dividenddata.com/stocks/ncdl/dividend

## Frequently Asked Questions

### What does Nuveen Churchill Direct Lending Corp. do?

Nuveen Churchill Direct Lending Corp. (NCDL) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

### What is NCDL's market cap?

Nuveen Churchill Direct Lending Corp. (NCDL) has a market capitalization of approximately $521.0 million, as of October 23, 2026, based on the most recent share price and shares outstanding.

### Does NCDL pay a dividend?

Yes, Nuveen Churchill Direct Lending Corp. (NCDL) pays a dividend semi-annually, with a trailing-twelve-month yield of 15.26%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

### How often does NCDL pay dividends?

Nuveen Churchill Direct Lending Corp. pays dividends semi-annually. The forward annual rate is $0.76 per share at the current declared cadence. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is NCDL's payout ratio?

Nuveen Churchill Direct Lending Corp.'s payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/ncdl
- Dividend history & safety: https://www.dividenddata.com/stocks/ncdl/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/ncdl/earnings
- Financial statements: https://www.dividenddata.com/stocks/ncdl/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/ncdl/valuation
- Peer comparison: https://www.dividenddata.com/stocks/ncdl/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.