Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morgan Stanley Direct Lending Fund (MSDL) Dividend Coverage Ratio (2022 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Dividend Coverage Ratio came in at 0.16 in Q2 2026, down 21.37% year-over-year from 0.2 in Q2 2025, and down 29.93% quarter-over-quarter from 0.23 in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) Dividend Coverage Ratio (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported Dividend Coverage Ratio for 5 consecutive years, with 0.16 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Dividend Coverage Ratio fell 21.37% year-over-year to 0.16 in Q2 2026; TTM through Jun 2026 was 0.21, a 36.92% decrease from a year earlier, with the FY2025 full-year figure at 0.22, down 62.33% from the prior year.
  • Dividend Coverage Ratio was 0.16 for Q2 2026 at Morgan Stanley Direct Lending Fund, down from 0.23 in the prior quarter.
  • Over five years, Dividend Coverage Ratio peaked at 0.85 in Q4 2023 and troughed at 0.16 in Q2 2026.
  • A 5-year average of 0.53 and a median of 0.67 in 2022 frame the typical range for Dividend Coverage Ratio.
  • Across the five-year window, Dividend Coverage Ratio soared 32.66% in 2023 and sank 74.35% in 2025, its largest moves.
  • Over 5 years, Dividend Coverage Ratio stood at 0.64 in 2022, then soared by 32.66% to 0.85 in 2023, then sank by 61.2% to 0.33 in 2024, then tumbled by 36.28% to 0.21 in 2025, then slipped by 23.45% to 0.16 in 2026.
  • The last three Dividend Coverage Ratio figures came in at 0.16 (Q2 2026), 0.23 (Q1 2026), and 0.21 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Div. Cover (Qtr)
1 Ares Capital 14.12 Bn 13.73 Bn - 0.42
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn - 0.43
3 Blue Owl Capital 5.52 Bn 5.28 Bn - 0.29
4 Main Street Capital 5.26 Bn 5.20 Bn - 1.89
5 Blue Owl Technology Finance 5.05 Bn 4.84 Bn - 0.18
6 Hercules Capital 4.64 Bn 4.59 Bn - 0.69
7 FS KKR Capital 3.37 Bn 3.27 Bn - -
8 Golub Capital Bdc 3.34 Bn 3.30 Bn - -0.06
9 PennantPark Floating Rate Capital 2.48 Bn -129.09 Mn - -0.63
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn - 0.16
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 0.16
Mar 31, 2026 0.23
Dec 31, 2025 0.21
Sep 30, 2025 0.23
Jun 30, 2025 0.20
Mar 31, 2025 0.23
Dec 31, 2024 0.33
Sep 30, 2024 0.57
Jun 30, 2024 0.79
Mar 31, 2024 0.74
Dec 31, 2023 0.85
Sep 30, 2023 0.70
Jun 30, 2023 0.77
Mar 31, 2023 0.74
Dec 31, 2022 0.64
Sep 30, 2022 0.72
Jun 30, 2022 0.77
Mar 31, 2022 0.73