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Nuveen Churchill Direct Lending Corp. NCDL · Stock Open Nuveen Churchill Direct Lending Corp. in new tab

11.18 USD
P/E
12.58
EPS
0.94
Yield
14.36%
Safety Score
26
Target Price
13.70 USD
Nuveen Churchill Direct Lending Corp. logo

Nuveen Churchill Direct Lending Corp.

🧾 Earnings Recap – Q3 2025

Nuveen Churchill Direct Lending Corp reported net investment income of $0.43 per share for Q3 2025, reflecting a strategic reduction in originations as the company maintained higher leverage levels amid stabilizing market conditions.

  • Gross originations decreased to $29 million in Q3 from $48 million in Q2, aligning with management's strategy to optimize leverage.
  • Net asset value slightly declined to $17.85 per share due to fair value adjustments on underperforming portfolio companies.
  • Continued strength in M&A activity, bolstered by recent rate cuts, supports a positive outlook for private credit investments.
  • The pipeline for new deals increased by 22% from the previous quarter, with a focus on resilient sectors and senior lending.
  • NCDL remains insulated from recent market volatility affecting BDCs and continues to target high-quality, middle-market investments.
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Key Metrics
Earnings dateNov. 3, 2026
P/E12.58
EPS0.94
% Insiders5.290%
Estimates
Forward P/E7.62
Forward EPS1.54
Target Mean Price13.70
Dividend
Dividend Yield14.36%
Annual dividends1.68 USD
Ex-Div. DateSept. 30, 2026
Payout184.60%

DCF Valuation

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Nuveen Churchill Direct Lending Corp. Logo Nuveen Churchill Direct Lending Corp. Analysis (NCDL)

Is Nuveen Churchill Direct Lending Corp. a good investment? Nuveen Churchill Direct Lending Corp. (NCDL) is currently trading at 11.18 USD. Market analysts have a consensus price target of 13.70 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 12.58. This relatively low multiple may signal that Nuveen Churchill Direct Lending Corp. is undervalued compared to historical market norms.

Earnings Schedule: Nuveen Churchill Direct Lending Corp. is expected to release its next earnings report on Nov. 3, 2026. The market consensus estimate for Forward EPS is 1.54.

For income investors, Nuveen Churchill Direct Lending Corp. pays a dividend yield of 14.36%. With a payout ratio of 185%, the dividend appears to be under pressure.

Investor FAQ

Does Nuveen Churchill Direct Lending Corp. pay a dividend?

Yes, it pays an annual dividend of 1.68 USD (14.36% yield).

What asset class is Nuveen Churchill Direct Lending Corp.?

Nuveen Churchill Direct Lending Corp. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be Nov. 3, 2026. The company currently has a trailing EPS of 0.94.

Company Profile

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”).

Exchange Ticker
NCDL
Trades
Dividend Yield
14.36%
Annual Dividends
1.68USD
Next Ex. Div Date
Sept. 30, 2026
Payout Ratio
184.60%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
1.23 USD
July 28, 2027 (estimated) 0.3800
April 28, 2027 (estimated) 0.4000
Jan. 28, 2027 (estimated) 0.4500
▸2026
1.61 USD
Oct. 27, 2026 0.3800
July 28, 2026 0.3800
April 28, 2026 0.4000
Jan. 27, 2026 0.4500
▸2025
2.00 USD
Oct. 28, 2025 0.4500
July 28, 2025 0.4500
April 28, 2025 0.4500
April 28, 2025 0.1000
Jan. 28, 2025 0.4500
Jan. 28, 2025 0.1000
▸2024
1.55 USD
Oct. 28, 2024 0.4500
Oct. 28, 2024 0.1000
July 29, 2024 0.4500
July 28, 2024 0.1000
April 29, 2024 0.4500
Upcoming Dividends
Name Payment Date Status Amount
Nuveen Churchill Direct Lending Corp. Oct 27, 2026 Upcoming 0.38 USD
Nuveen Churchill Direct Lending Corp. Jul 28, 2026 0.38 USD
Nuveen Churchill Direct Lending Corp. Apr 28, 2026 0.4 USD
Nuveen Churchill Direct Lending Corp. Jan 27, 2026 0.45 USD
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