Oaktree Specialty Lending Corporation
OCSLFinancial Services · Stock · quarterly payer
Forward Yield
10.11%
Annual Dividend
$1.32
Payout Ratio
321%
5-Yr Growth
6.8%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Oaktree Specialty Lending Corporation (OCSL) yields 10.11% ($1.32 per share annually), with a blended fair-value estimate of $13.69 — +5% upside, so it screens as fairly valued. Dividend safety grade: D (43/100).
Is OCSL a good dividend stock?
MixedOaktree Specialty Lending Corporation (OCSL) pays a quarterly dividend yielding 10.11% ($1.32/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 6.8% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (321%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 10.11%
- Payout Ratio
- 321%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- 6.8%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.57
- Market Cap
- $1.2B
- P/E Ratio
- 27.2
- 5-Yr Total Return
- -38%
- 52-Week Range
- $10.63 – $14.31
- Dividend Safety
- D · 43/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
OCSL Price — Last 12 Months
Daily close
Price Return
1 Year
+0%
3 Years
-35%
5 Years
-38%
52-Week Range
$10.63 – $14.31
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OCSL worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Oaktree Specialty Lending Corporation is $13.69 per share, versus a market price of $13.06. That implies the stock is roughly fairly priced.
Fair Value
$13.69
Current Price
$13.06
Gap
+5%
Margin of Safety
5%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 0.0% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.2% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.48 EPS, $1.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OCSL Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.3400 | regular |
| Mar 16, 2026 | — | $0.4000 | regular |
| Dec 15, 2025 | — | $0.4000 | regular |
| Sep 15, 2025 | — | $0.4000 | regular |
| Jun 16, 2025 | — | $0.4200 | regular |
| Mar 17, 2025 | — | $0.4700 | regular |
| Dec 16, 2024 | — | $0.5500 | regular |
| Sep 16, 2024 | — | $0.5500 | regular |
| Jun 14, 2024 | — | $0.5500 | regular |
| Mar 14, 2024 | — | $0.5500 | regular |
| Dec 14, 2023 | — | $0.6200 | regular |
| Sep 14, 2023 | — | $0.5500 | regular |
| Jun 14, 2023 | — | $0.5500 | regular |
| Mar 14, 2023 | — | $0.5500 | regular |
Income Calculator
At $1.32 / yr per share
