OCSL Dividend History & Analysis | 12.2% Yield

OCSL has a dividend yield of 12.2% and paid 1.69 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 12.24%
Payout Ratio 138.5%
Growth Rate CAGR 5y 32.40%
Consistency Lifetime 90.1%
Yield on Cost 5y 16.49%
Payout FCF 81.5%
Streak Years 18
Dividend Rating 89.13%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -12%
Total Return 5y: 18.4%

Top Dividend Payers in Asset Management & Custody Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
ECC 709 M 24.3% 44.7%
OXLC 1,177 M 28.3% 29.2%
ECAT 1,534 M 22.0% 36.5%
OCCI 129 M 24.3% 30.5%
BCAT 1,540 M 22.4% 31.2%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
ECAT 1,534 M 144% 91.7%
FSCO 1,204 M 105% 90.0%
OPFI 831 M 108% 100%
SUNS 126 M 90.5% 100%
OWL 21,322 M 60.1% 100%

Quality Dividend Peers in Asset Management & Custody Banks

BUI
BlackRock Utility
 10.47% Yield
GNT
GAMCO Natural Resources
 7.98% Yield
GAM
General American
 11.74% Yield

OCSL Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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 6.9% 2.11%
2021-09-14 2021-09-15 2021-09-30 Quarterly 0.145 11.5% 2.03%
2021-06-14 2021-06-15 2021-06-30 Quarterly 0.13 8.3% 1.9%
2021-03-12 2021-03-15 2021-03-31 Quarterly 0.12 9.1% 1.92%
2020-12-14 2020-12-15 2020-12-31 Quarterly 0.11 4.8% N/A
2020-09-14 2020-09-15 2020-09-30 Quarterly 0.105 10.5% N/A
2020-06-12 2020-06-15 2020-06-30 Quarterly 0.095 0% N/A
2020-03-12 2020-03-13 2020-03-31 Quarterly 0.095 0% N/A
2019-12-12 2019-12-13 2019-12-31 Quarterly 0.095 0% N/A
2019-09-12 2019-09-13 2019-09-30 Quarterly 0.095 0% N/A
2019-06-13 2019-06-14 2019-06-28 Quarterly 0.095 0% N/A
2019-03-14 2019-03-15 2019-03-29 Quarterly 0.095 0% N/A
2018-12-14 2018-12-17 2018-12-28 Quarterly 0.095 0% N/A
2018-09-13 2018-09-15 2018-09-28 Quarterly 0.095 0% N/A
2018-06-14 2018-06-15 2018-06-29 Quarterly 0.095 11.8% N/A
2018-03-14 2018-03-15 2018-03-30 Quarterly 0.085 -32% N/A
2017-12-14 2017-12-15 2017-12-29 Quarterly 0.125 0% N/A
2017-09-14 2017-09-15 2017-09-29 Quarterly 0.125 525% N/A
2017-06-13 2017-06-15 2017-06-30 Quarterly 0.02 0% N/A
2017-03-13 2017-03-15 2017-03-31 Quarterly 0.02 -66.7% N/A
2017-02-13 2017-02-15 2017-02-28 Monthly 0.06 0% N/A
2017-01-11 2017-01-13 2017-01-31 Monthly 0.06 0% N/A
2016-12-13 2016-12-15 2016-12-30 Monthly 0.06 0% N/A
2016-11-10 2016-11-15 2016-11-30 Monthly 0.06 0% N/A
2016-10-12 2016-10-14 2016-10-31 Monthly 0.06 0% N/A
2016-09-13 2016-09-15 2016-09-30 Monthly 0.06 0% N/A
2016-08-11 2016-08-15 2016-08-31 Monthly 0.06 0% N/A
2016-07-13 2016-07-15 2016-07-29 Monthly 0.06 0% N/A
2016-06-13 2016-06-15 2016-06-30 Monthly 0.06 0% N/A
2016-05-11 2016-05-13 2016-05-31 Monthly 0.06 0% N/A
2016-04-13 2016-04-15 2016-04-29 Monthly 0.06 0% N/A
2016-03-11 2016-03-15 2016-03-31 Monthly 0.06 0% N/A
2016-02-10 2016-02-12 2016-02-26 Monthly 0.06 0% N/A
2016-01-13 2016-01-15 2016-01-28 Monthly 0.06 0% N/A

OCSL Dividend FAQ

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) is a Business Development Company that targets middle-market companies in North America, providing bridge, first- and second-lien, mezzanine, and senior debt financing ranging from $5 million to $75 million, often with an equity co-investment component. The fund focuses on firms with enterprise values of $20 million–$150 million and EBITDA of $3 million–$50 million, and it aims to act as the lead investor across sectors such as education, business services, healthcare, manufacturing, technology, and consumer retail.

What is the Dividend Yield of OCSL?

As of February 2026, OCSL`s dividend yield is 12.24%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.69 USD by the current share price of 12.14.

Does OCSL pay a dividend?

As of February 2026, OCSL paid a dividend of 1.69 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 0.4 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 2025-12-15.

OCSL dividend forecast

Based on historical data, the forecasted dividends per share for OCSL for the next 4 payments are between 0.558 (+39.5%) and 0.608 (+52.0%).
This represents a strong dividend growth compared to the last payment.

Will OCSL pay dividends in 2026?

The latest dividend paid per share was 0.4 USD with an Ex-Dividend Date of 2025-12-15. 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 32.4% per year.
Strong growth: OCSL's Dividend growth is outpacing inflation.

What is the Yield on Cost of OCSL?

OCSL's 5-Year Yield on Cost is 16.5%. If you bought OCSL's shares at 10.25 USD five years ago, your current annual dividend income (1.69 USD per share, trailing 12 months) equals 16.5% of your original purchase price.

What is the Payout Consistency of OCSL?

OCSL Payout Consistency is 90.1%. 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.
Very consistent: Oaktree Specialty Lending has a strong track record of consistent dividend payments over its lifetime.

Does OCSL have a good Dividend Yield?

OCSL`s 12.24% 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 138.5%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of OCSL?

OCSL`s Overall Dividend Rating is 89.13%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

OCSL Outstanding Shares Analysis

What is the Trend in OCSL's Outstanding Shares?

Oaktree Specialty Lending's outstanding shares have increased by approximately 6.38% annually over the past 3 years (Trend Reliability: 100.0%).

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
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
2019 46,987,000
2020 46,987,000
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%

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: 2026-02-03 04:21