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

Morgan Stanley Direct Lending Fund (MSDL) has reported Payout Ratio for 5 consecutive years, with 6.25 the latest figure, recorded in Q2 2026.

• On a quarterly basis, Payout Ratio rose 27.18% year-over-year to 6.25 in Q2 2026; TTM through Jun 2026 was 4.83, a 58.54% increase from a year earlier, with the FY2025 full-year figure at 4.61, up 165.48% from the prior year.
• Payout Ratio was 6.25 for Q2 2026 at Morgan Stanley Direct Lending Fund, up from 4.38 in the prior quarter.
• Over five years, Payout Ratio peaked at 6.25 in Q2 2026 and troughed at 1.18 in Q4 2023.
• A 5-year average of 2.64 and a median of 1.5 in 2022 frame the typical range for Payout Ratio.
• Across the five-year window, Payout Ratio slipped 24.62% in 2023 and jumped 289.82% in 2025, its largest moves.
• Over 5 years, Payout Ratio stood at 1.57 in 2022, then fell by 24.62% to 1.18 in 2023, then surged by 157.75% to 3.05 in 2024, then jumped by 56.94% to 4.79 in 2025, then jumped by 30.63% to 6.25 in 2026.
• The last three Payout Ratio figures came in at 6.25 (Q2 2026), 4.38 (Q1 2026), and 4.79 (Q4 2025), per Business Quant data.