Nuveen Churchill Direct Lending (FRA:O7A) Dividend Payout Ratio: 2.22 (As of Mar. 2026) — 100% Above Median


FRA:O7A Nuveen Churchill Direct Lending Corp FRA:O7A
29 GF Score
Price €11.10
! 5 Warning Signs
View Full Analysis

What is Nuveen Churchill Direct Lending Dividend Payout Ratio?

Nuveen Churchill Direct Lending FRA:O7A +1.83% 29 Dividend Payout Ratio is 2.22 as of Mar. 2026, which is 100% above its 10-year median of 1.11. GuruFocus rates FRA:O7A with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 931 Asset Management companies, Nuveen Churchill Direct Lending ranks worse than 79.38% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nuveen Churchill Direct Lending's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.22.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nuveen Churchill Direct Lending Corp is 1.46, which seems too high.

The historical rank and industry rank for Nuveen Churchill Direct Lending's Dividend Payout Ratio or its related term are showing as below:

FRA:O7A' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.11   Max: 1.46
Current: 1.46


During the past 6 years, the highest Dividend Payout Ratio of Nuveen Churchill Direct Lending was 1.46. The lowest was 0.84. And the median was 1.11.

FRA:O7A's Dividend Payout Ratio is ranked worse than
79.38% of 931 companies
in the Asset Management industry
Industry Median: 0.7 vs FRA:O7A: 1.46

As of today (2026-07-12), the Dividend Yield % of Nuveen Churchill Direct Lending is 12.82%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Nuveen Churchill Direct Lending was 14.31%. The lowest was 2.50%. And the median was 11.08%.

Nuveen Churchill Direct Lending's Dividends per Share for the months ended in Mar. 2026 was €0.35.

During the past 12 months, Nuveen Churchill Direct Lending's average Dividends Per Share Growth Rate was -2.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


Nuveen Churchill Direct Lending (FRA:O7A) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Nuveen Churchill Direct Lending Dividend Payout Ratio Related Terms


Nuveen Churchill Direct Lending Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nuveen Churchill Direct Lending's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Churchill Direct Lending Dividend Payout Ratio Chart

Nuveen Churchill Direct Lending Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.21 1.39

Nuveen Churchill Direct Lending Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.55 1.41 1.18 1.41 2.22

FRA:O7A vs PDT, HKHC, VINP: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Nuveen Churchill Direct Lending's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nuveen Churchill Direct Lending Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Churchill Direct Lending's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nuveen Churchill Direct Lending's Dividend Payout Ratio falls into.


FRA:O7A
29GF Score
Nuveen Churchill Direct Lending Corp FRA:O7A
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuveen Churchill Direct Lending Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Nuveen Churchill Direct Lending's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.537/ 1.11
=1.38

Nuveen Churchill Direct Lending's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.346/ 0.156
=2.22

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 2.22 mean?
Nuveen Churchill Direct Lending (FRA:O7A) has a Dividend Payout Ratio of 2.22 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nuveen Churchill Direct Lending and its competitors. This is 100% above median its historical median of 1.11. Over the past decade, Nuveen Churchill Direct Lending's Dividend Payout Ratio has ranged from 0.84 to 1.46. According to the industry distribution chart, Nuveen Churchill Direct Lending ranks #739 out of 931 companies in the Asset Management industry, placing it in the top 79.4%.
Is Nuveen Churchill Direct Lending's Dividend Payout Ratio too high?
Nuveen Churchill Direct Lending's current Dividend Payout Ratio of 2.22 is 100% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.46. The Asset Management industry median Dividend Payout Ratio is 0.70. Nuveen Churchill Direct Lending's value of 2.22 is 217.1% above this industry median. Based on the distribution chart, Nuveen Churchill Direct Lending ranks #739 out of 931 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Nuveen Churchill Direct Lending has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Churchill Direct Lending's Dividend Payout Ratio compare to PDT and HKHC?
According to the Asset Management industry distribution chart, Nuveen Churchill Direct Lending ranks #739 out of 931 companies for Dividend Payout Ratio. This places Nuveen Churchill Direct Lending in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Nuveen Churchill Direct Lending's value of 2.22 is 217.1% above this benchmark. Historically, Nuveen Churchill Direct Lending's own Dividend Payout Ratio has ranged from 0.84 to 1.46 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 0.70, Nuveen Churchill Direct Lending has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Churchill Direct Lending's current Dividend Payout Ratio of 2.22 is 217.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nuveen Churchill Direct Lending and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Churchill Direct Lending's current Dividend Payout Ratio is 2.22, which is 100% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Churchill Direct Lending stock overvalued right now?
Nuveen Churchill Direct Lending (FRA:O7A) has a current Dividend Payout Ratio of 2.22. The current Dividend Payout Ratio is 2.22, which is 100% above median its 10-year median of 1.11 and 217.1% above the Asset Management industry median of 0.70. Nuveen Churchill Direct Lending's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Nuveen Churchill Direct Lending (FRA:O7A), the current Dividend Payout Ratio is 2.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nuveen Churchill Direct Lending Business Description

Other Exchanges NCDL:USA
Address 375 Park Avenue, 9th Floor, New York, NY, USA, 10152
Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It is a closed-end, externally managed, non-diversified management investment company. The company's investment objective is to generate attractive risk-adjusted returns through current income by investing in senior secured loans to private equity-owned U.S. middle market companies. It invests in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.
29GF Score

Get the complete analysis for FRA:O7A

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.10
Price