Oaktree Specialty Lending Corporation (OCSL) Dividend
Oaktree Specialty Lending Corporation (OCSL) currently pays a dividend yield of 12.77%, distributing $1.54 per share annually ($0.34 per quarter). The company operates in the Financial Services sector.
OCSL dividend at a glance
| Dividend Yield | 12.77% |
|---|---|
| Annual Dividend | $1.54 per share |
| Per Payment | $0.34 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | September 15, 2026 |
| Next Payment Date | October 6, 2026 |
| Payout Ratio | 275% |
| Sector | Financial Services |
| Implied Share Price (from yield) | $12.06 |
What OCSL pays on a $10,000 investment
At a 12.77% yield, $10,000 invested in OCSL generates about $1,277.00 per year, or roughly $319.25 every quarter. Share counts below use an implied price of $12.06, derived from the $1.54 annual dividend and the 12.77% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 82.9 | $127.70 | $31.93 |
| $5,000 | 414.6 | $638.50 | $159.63 |
| $10,000 | 829.2 | $1,277.00 | $319.25 |
| $25,000 | 2,073.1 | $3,192.50 | $798.13 |
| $100,000 | 8,292.2 | $12,770.00 | $3,192.50 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
OCSL dividend payment schedule
OCSL pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is September 15, 2026, with payment on October 6, 2026. Later rows are projected forward at the same interval and will shift when Oaktree Specialty Lending Corporation declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| September 15, 2026 | October 6, 2026 | $0.34 | Confirmed |
| December 15, 2026 | January 5, 2027 | $0.34 | Projected |
| March 15, 2027 | April 5, 2027 | $0.34 | Projected |
| June 15, 2027 | July 6, 2027 | $0.34 | Projected |
To collect a OCSL dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How OCSL's dividend compares
Across the 584 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.75%. OCSL's 12.77% is 9.02 percentage points above that median, ranking 119th of 584 by yield.
Within Financial Services, where we track 102 names, the median yield is 9.22% — putting OCSL above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
What the numbers mean
OCSL pays out roughly 275% of its earnings as dividends. That is a high payout ratio. The dividend is consuming most of reported earnings, which is normal for REITs and some funds but a caution flag elsewhere.
Like most US dividend payers, OCSL distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
OCSL dividend FAQ
When is the next OCSL ex-dividend date?
The next OCSL ex-dividend date is September 15, 2026, with the payment scheduled for October 6, 2026. You must own shares before the ex-dividend date to receive that payment.
What is OCSL's dividend yield?
OCSL currently yields 12.77%, based on $1.54 in dividends per share over the past year.
How often does OCSL pay dividends?
OCSL pays quarterly, which works out to 4 payments per year of about $0.34 per share.
How much dividend income would $10,000 of OCSL generate?
At the current 12.77% yield, $10,000 invested in OCSL would produce roughly $1,277.00 per year, or about $319.25 per quarter, before taxes and assuming the dividend holds.
Is OCSL a Dividend Aristocrat?
No. OCSL is not currently on the Dividend Aristocrat or Dividend King list, which require 25 and 50 consecutive years of dividend increases respectively.
Related dividend stocks
Other Financial Services dividend payers
- LFGY — YieldMax Crypto Industry & Tech Portfolio Option Income ETF dividend (84.66%)
- BLOX — Nicholas Crypto Income ETF dividend (49.81%)
- CEPI — REX Crypto Equity Premium Income ETF dividend (45.01%)
- CCIF — Carlyle Credit Income Fund dividend (36.90%)
- ECC — Eagle Point Credit Company dividend (35.37%)
- OXSQ — Oxford Square Capital Corp. dividend (28.00%)
- PNNT — PennantPark Investment Corporation dividend (27.51%)
- OXLC — Oxford Lane Capital dividend (26.12%)
Similar yields to OCSL
- JFR — Nuveen Floating Rate Income Fund dividend (12.73%)
- TRIN — Trinity Capital Inc. dividend (12.81%)
- TYG — Tortoise Energy Infrastructure Corporation dividend (12.83%)
- JRI — Nuveen Real Asset Income and Growth Fund dividend (12.68%)
- DSU — BlackRock Debt Strategies Fund, Inc. dividend (12.60%)
- KBWD — Invesco KBW High Dividend Yield Financial ETF dividend (13.04%)
Track OCSL dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.