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FSSL CEF — FS Specialty Lending Fund
FS Specialty Lending Fund (FSSL)
Updated October 16, 2026.
Verdict as of October 16, 2026
FSSL's distribution is rated caution by the Dividend Vision Distribution Safety Score™ (49/100, high confidence). It pays monthly and its distribution rate is 15.76%. The latest total cash payment per current share, $0.15 with an ex-date of September 23, 2026, was unchanged from the previous payment. These payments are unclassified; this does not establish a base-dividend change.
Sources: FS Investments page for FSSL, Section 19a-1 notices, scoring methodology.
FSSL is a CEF. its distribution rate is 15.76%, its trailing-12-month yield is 14.82%. Dividend Vision Distribution Safety Score™ is 49/100 (Caution). Total return is -6.8% over the past 0.9 years, 21.6 points behind SPY at 14.8%.
FSSL dividend yield and income
Price as of 2026-10-16.
The distribution rate (15.76%) uses calculation basis unavailable. Trailing-12-month yield (14.82%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.1495. The ex-dividend date is 10/23/2026. The payment date is 10/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-23 | $0.15 | 0.0% Unclassified cash |
| 2026-08-24 | $0.15 | 8.7% Unclassified cash |
| 2026-07-24 | $0.138 | 0.0% Unclassified cash |
| 2026-06-23 | $0.138 | 0.0% Unclassified cash |
| 2026-05-21 | $0.138 | 0.0% Unclassified cash |
| 2026-04-23 | $0.138 | 0.0% Unclassified cash |
| 2026-03-24 | $0.138 | 0.0% Unclassified cash |
| 2026-02-20 | $0.138 | N/A |
| 2026-01-23 | $0.138 | -67.1% Unclassified cash |
| 2025-11-28 | $0.42 | — |
| 2025 total (partial launch year) | $0.42 | — |
| 2026 YTD total | $1.266 | — |
FSSL holdings and sector exposure
Holdings are not available for this snapshot.
FSSL performance versus SPY
Price and return data through 2026-10-16.
Total return is -6.8% over the past 0.9 years, 21.6 points behind SPY at 14.8%. Its deepest 1-year drawdown was 19.3%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -2.2% | — |
| 3M | 7.5% | — |
| 6M | -1.4% | — |
| YTD | -10.6% | — |
| Since inception (0.9 years) | -6.8% | — |
FSSL key facts
- Distribution Safety Score™
- 49 · Caution
- Safety-Adjusted Yield
- 7.72%
- Issuer
- FS Investments
- Asset type
- CEF
- Asset class
- Fixed Income
- Inception date
- 11/13/2025
- Distribution rate
- 15.76%
- Distribution frequency
- Monthly
- Trailing yield
- 14.82%
- Last close
- $11.38 (as of 2026-10-16)
- NAV
- N/A
- Premium / discount
- N/A
- Market cap
- $873,813,056
- Average volume
- 191985.0
- Dividend
- $0.1495
- Ex-dividend date
- 10/23/2026
- Payment date
- 10/30/2026
- Beta
- 0.11
Expense ratio and AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage.
How Dividend Vision calculates yield and returns
Distribution rate (15.76%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (14.82%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: FS Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FSSL risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 19.3%.
Who may consider FSSL — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on FSSL
Frequently asked questions
Does FSSL pay monthly?
Yes. FSSL currently pays monthly.
What is FSSL's dividend yield?
FSSL's distribution rate is 15.76%, paid monthly — calculation basis unavailable.
When does FSSL pay a dividend?
FSSL pays monthly. The dividend amount is $0.1495. The ex-dividend date is 10/23/2026. The payment date is 10/30/2026.
How has FSSL performed?
Total return is -6.8% over the past 0.9 years, 21.6 points behind SPY at 14.8%. Its deepest 1-year drawdown was 19.3%.
Is FSSL a good investment?
FSSL's Dividend Vision Distribution Safety Score is 49 (Caution). That is a risk signal, not investment advice. Its distribution rate is 15.76% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from FS Investments.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
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