Nuveen Churchill Direct Lending Corp. (NCDL) Payout Ratio (2022 - 2026)
Nuveen Churchill Direct Lending's (NCDL) Payout Ratio came in at 1.85 for Q2 2026, up 59.9% from 1.15 a year earlier and up 15.2% from the prior quarter.
Powered by 
Analysis
Nuveen Churchill Direct Lending Corp. (NCDL) Payout Ratio (2022 - 2026) Analysis & Trends
For FY2025, Nuveen Churchill Direct Lending's Payout Ratio stood at 1.56, up 90.4% from FY2024.
- In prior years, Nuveen Churchill Direct Lending's Payout Ratio was 0.82 in FY2024 (-1.6%), 0.83 in FY2023 (-58.5%), 2.01 in FY2022 (+271.6%) and 0.54 in FY2021.
- The Q2 2026 figure stands as the highest quarterly Payout Ratio since Q4 2022.
- On a year-over-year basis, Payout Ratio has increased in each of the last six quarters, with growth averaging 44.5% over the last eight quarters.
- The strongest year-over-year quarter for Payout Ratio in the past five years was Q4 2025, with growth of 90.4%; the weakest was Q4 2023, with a decline of 58.5%.
- According to Business Quant data, Payout Ratio for the three prior quarters was 1.60 (Q1 2026), 1.56 (Q4 2025) and 1.36 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.85 |
| Mar 31, 2026 | 1.60 |
| Dec 31, 2025 | 1.56 |
| Sep 30, 2025 | 1.36 |
| Jun 30, 2025 | 1.15 |
| Mar 31, 2025 | 1.04 |
| Dec 31, 2024 | 0.82 |
| Sep 30, 2024 | 0.73 |
| Jun 30, 2024 | 0.73 |
| Mar 31, 2024 | 0.75 |
| Dec 31, 2023 | 0.83 |
| Sep 30, 2023 | 1.05 |
| Jun 30, 2023 | 1.27 |
| Mar 31, 2023 | 1.72 |
| Dec 31, 2022 | 2.01 |
API Access
Nuveen Churchill Direct Lending Corp. Payout Ratio 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=payout-ratio&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "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=payout-ratio&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();