OCSL BDC — Oaktree Specialty Lending Corporation

Oaktree Specialty Lending Corporation (OCSL)

Updated October 16, 2026.

OCSL is a BDC. its distribution rate is 12.71%, its trailing-12-month yield is 12.71%. Dividend Vision Distribution Safety Score™ is 57/100 (Caution). Total return is 120.0% over the past 18.3 years, 575.1 points behind SPY at 695.1%.

At the published price, recorded trailing 12-month cash corresponds to $1,271 per $10,000. Past cash distributions do not establish future income.

OCSL performance versus SPY

Price and return data through 2026-10-16.

Total return is 120.0% over the past 18.3 years, 575.1 points behind SPY at 695.1%. Over the past year its total return — price change plus distributions reinvested — is 2.2%. Its deepest 1-year drawdown was 19.5%.

OCSL key facts

Distribution Safety Score™

57 · Caution

Safety-Adjusted Yield

7.24%

Issuer

Oaktree

Asset type

BDC

Asset class

Equity

Distribution rate

12.71%

Distribution frequency

Quarterly

Trailing yield

12.71%

5-year average yield

11.08

Last close

$11.57 (stale; as of 2026-10-16)

Market cap

$1,019,149,501

Average volume

422100.0

Dividend

$0.33

Ex-dividend date

09/15/2026

Payment date

09/30/2026

Beta

0.585

Payout ratio

94.2%

P/E ratio

24.1

Forward P/E

8.9445

EPS

$0.48

How Dividend Vision calculates yield and returns

Distribution rate (12.71%) uses trailing 12-month split-adjusted cash distributions; includes specials and supplementals; divided by market price dated 2026-10-16. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (12.71%) 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: Oaktree; 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.

OCSL risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 19.5%.

Who may consider OCSL — and who may not

It is a weaker fit for investors who need monthly cash flow (OCSL pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on OCSL

• All tickers starting with O

Tagged: BDC, Dividend.

Frequently asked questions

More securities from Oaktree.