Nuveen Churchill Direct Lending Corp. Dividends
The next dividend date for Nuveen Churchill Direct Lending Corp. is June 30, 2026.
A dividend of $0.38 per share is scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Nuveen Churchill Direct Lending Corp. (NCDL)
More About Nuveen Churchill Direct Lending Corp.
Nuveen Churchill Direct Lending Corp. (the "Company") is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). The Company's investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which the Company defines as companies with approximately $10.0 million to $100.0 million of earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Company will focus on privately originated debt to performing U.S. middle market companies, with a portfolio expected to comprise primarily of first-lien senior secured debt and unitranche loans (other than last-out positions in unitranche loans) (collectively "Senior Loans"). The Company will also opportunistically invest in junior capital opportunities (second-lien loans, subordinated debt, last-out positions in unitranche loans and equity-related securities) (collectively "Junior Capital Investments").
Owning Nuveen Churchill Direct Lending Corp. Stock on the Dividend Date
If you own Nuveen Churchill Direct Lending Corp. stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Nuveen Churchill Direct Lending Corp. stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Nuveen Churchill Direct Lending Corp. stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Nuveen Churchill Direct Lending Corp. stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Nuveen Churchill Direct Lending Corp. dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Nuveen Churchill Direct Lending Corp. Dividends
You can contact us any time if you would like to ask questions about Nuveen Churchill Direct Lending Corp. dividends or anything else related to the stock market.