Nuveen Churchill Direct Lending (NCDL) Distributions Payable (2020 - 2026)
Nuveen Churchill Direct Lending (NCDL) recorded Dividends payables of $18.77 million in Q3 2026, down 15.6% from $22.22 million a year earlier but up 0.1% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Distributions Payable (2020 - 2026) Analysis & Trends
At the end of FY2025, Nuveen Churchill Direct Lending reported Dividends payables of $22.22 million, down 24.6% from FY2024.
- Annual Dividends payables has a three-year compound annual growth rate of 15.8% (FY2022 to FY2025).
- Across earlier years, Dividends payables came in at $29.47 million in FY2024 (+29.9%), $22.68 million in FY2023 (+58.3%) and $14.33 million in FY2022.
- Quarterly Dividends payables has ranged from $14.33 million in Q4 2022 to $30.11 million in Q2 2024 over the past five years.
- On a year-over-year basis, Dividends payables has declined for six consecutive quarters, with an average decline of 11.7% over the last eight quarters.
- Peak year-over-year performance for Dividends payables in the last five years was growth of 76.0% in Q2 2024, against a decline of 30.1% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $18.74 million (Q2 2026), $19.76 million (Q1 2026) and $22.22 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.77 Mn |
| Jun 30, 2026 | 18.74 Mn |
| Mar 31, 2026 | 19.76 Mn |
| Dec 31, 2025 | 22.22 Mn |
| Sep 30, 2025 | 22.22 Mn |
| Jun 30, 2025 | 22.30 Mn |
| Mar 31, 2025 | 28.27 Mn |
| Dec 31, 2024 | 29.47 Mn |
| Sep 30, 2024 | 30.04 Mn |
| Jun 30, 2024 | 30.11 Mn |
| Mar 31, 2024 | 24.68 Mn |
| Dec 31, 2023 | 22.68 Mn |
| Sep 30, 2023 | 19.57 Mn |
| Jun 30, 2023 | 17.11 Mn |
| Mar 31, 2023 | 21.85 Mn |
| Dec 31, 2022 | 14.33 Mn |
| Sep 30, 2022 | 11.94 Mn |
| Jun 30, 2022 | 9.76 Mn |
| Mar 31, 2022 | 8.55 Mn |
| Dec 31, 2021 | 7.64 Mn |
API Access
Nuveen Churchill Direct Lending Distributions Payable API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=distributions-payable&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "distributions-payable", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=distributions-payable&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();