Is the Morgan Stanley Direct Lending Fund dividend safe?
At risk
Morgan Stanley Direct Lending Fund pays 12.6% a year, but that takes 122% of its free cash flow.
The numbers behind it
Dividend yield12.6%
Paid out of free cash flow122%
Paid out of profit151%
Debt in years of earnings12.8 years
How we decide
We look at how much of its free cash flow a company hands out. Under 60% leaves room, 60% to 90% is tight, and above 90% or heavy debt puts the dividend at risk.
More questions about Morgan Stanley Direct Lending Fund
Data as of Nov 13, 2026.