TRTX Dividend History & Analysis | 11.8% Yield

TRTX has a dividend yield of 11.8% and paid 0.96 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 11.78%
Payout Ratio 99.0%
Growth Rate CAGR 5y 0.26%
Consistency Lifetime 93.4%
Yield on Cost 5y 14.84%
Payout FCF 100.8%
Streak Years 4
Dividend Rating 57.22%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
Yield (right) Price (left) Avg Yield

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
DX 2,458 M 15.9% 19.8%
MFA 979 M 15.4% 16.8%
AGNC 11,255 M 14.5% 16.6%
PMT 988 M 13.1% 18.0%
NLY 14,921 M 13.6% 15.7%
Top 3 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DX 2,458 M 6.14% 66.2%
LADR 1,231 M 3.56% 88.9%
MITT 232 M 1.21% 84.8%
TRTX Dividend History: Last 36 Payments (USD) as of April 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH QoQ PAYOUT YIELD
2026-03-27 2026-03-27 2026-04-24 Quarterly 0.24 0% 3.1%
2025-12-26 2025-12-26 2026-01-23 Quarterly 0.24 0% 2.69%
2025-09-26 2025-09-26 2025-10-24 Quarterly 0.24 0% 2.79%
2025-06-27 2025-06-27 2025-07-25 Quarterly 0.24 0% 3.08%
2025-03-28 2025-03-28 2025-04-25 Quarterly 0.24 0% 2.95%
2024-12-27 2024-12-27 2025-01-24 Quarterly 0.24 0% 2.85%
2024-09-27 2024-09-27 2024-10-25 Quarterly 0.24 0% 2.89%
2024-06-27 2024-06-27 2024-07-25 Quarterly 0.24 0% 2.87%
2024-03-27 2024-03-28 2024-04-25 Quarterly 0.24 0% 3.18%
2023-12-28 2023-12-29 2024-01-25 Quarterly 0.24 0% 3.57%
2023-09-27 2023-09-28 2023-10-25 Quarterly 0.24 0% 3.6%
2023-06-27 2023-06-28 2023-07-25 Quarterly 0.24 0% 3.26%
2023-03-28 2023-03-29 2023-04-25 Quarterly 0.24 0% 3.5%
2022-12-28 2022-12-29 2023-01-25 Quarterly 0.24 0% 3.44%
2022-09-27 2022-09-28 2022-10-25 Quarterly 0.24 0% 3.15%
2022-06-27 2022-06-28 2022-07-25 Quarterly 0.24 0% 2.58%
2022-03-28 2022-03-29 2022-04-25 Quarterly 0.24 -22.6% 2.03%
2021-12-28 2021-12-29 2022-01-25 Quarterly 0.31 29.2% 2.5%
2021-09-28 2021-09-29 2021-10-22 Quarterly 0.24 20% 1.88%
2021-06-25 2021-06-28 2021-07-23 Quarterly 0.2 0% 1.41%
2021-03-25 2021-03-26 2021-04-23 Quarterly 0.2 -47.4% N/A
2020-12-24 2020-12-28 2021-01-22 Quarterly 0.38 90% N/A
2020-09-24 2020-09-25 2020-10-23 Quarterly 0.2 0% N/A
2020-06-25 2020-06-26 2020-07-24 Quarterly 0.2 -53.5% N/A
2020-06-12 2020-06-15 2020-07-14 Quarterly 0.43 0% N/A
2020-03-26 2020-03-27 2020-04-24 Quarterly 0.43 0% N/A
2019-12-26 2019-12-27 2020-01-24 Quarterly 0.43 0% N/A
2019-09-26 2019-09-27 2019-10-25 Quarterly 0.43 0% N/A
2019-06-27 2019-06-28 2019-07-25 Quarterly 0.43 0% N/A
2019-03-28 2019-03-29 2019-04-25 Quarterly 0.43 0% N/A
2018-12-27 2018-12-28 2019-01-25 Quarterly 0.43 0% N/A
2018-09-27 2018-09-28 2018-10-25 Quarterly 0.43 0% N/A
2018-06-22 2018-06-25 2018-07-25 Quarterly 0.43 2.4% N/A
2018-03-28 2018-03-29 2018-04-25 Quarterly 0.42 10.5% N/A
2017-12-28 2017-12-29 2018-01-25 Quarterly 0.38 15.2% N/A
2017-10-05 2017-10-06 2017-10-25 Other 0.33 0% N/A

TRTX Dividend FAQ

TPG RE Finance Trust, Inc. (TRTX) is a commercial real estate finance company. It originates and acquires first mortgage loans and other debt instruments secured by commercial properties across the United States. Mortgage REITs typically finance income-producing real estate.

What is the Dividend Yield of TRTX?

As of April 2026, TRTX`s dividend yield is 11.78%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.96 USD by the current share price of 7.81.

Does TRTX pay a dividend?

As of April 2026, TRTX paid a dividend of 0.96 USD in the last 12 months. The last dividend was paid on 2026-03-27 and the payout was 0.24 USD.

How often does TRTX pay dividends?

TRTX pays dividends quarterly. Over the last 12 months, TRTX has issued 4 dividend payments. The last dividend payment was made on 2026-03-27.

TRTX dividend forecast

Based on historical data, the forecasted dividends per share for TRTX for the next payments are between 0.164 (-31.7%) and 0.2 (-16.7%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 9.15%.

Will TRTX pay dividends in 2026?

The latest dividend paid per share was 0.24 USD with an Ex-Dividend Date of 2026-03-27. The next Ex-Dividend date for TPG RE Finance Trust (TRTX) is currently unknown.

What is the next Ex-Dividend Date for TRTX?

The next Ex-Dividend date for TPG RE Finance Trust (TRTX) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of TRTX?

TRTX's average dividend growth rate over the past 5 years is 0.26% per year.
Weak growth: TRTX's Dividend growth is lower than inflation.

What is the Yield on Cost of TRTX?

TRTX's 5-Year Yield on Cost is 14.8%. If you bought TRTX's shares at 6.47 USD five years ago, your current annual dividend income (0.96 USD per share, trailing 12 months) equals 14.8% of your original purchase price.

What is the Payout Consistency of TRTX?

TRTX Payout Consistency is 93.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: TPG RE Finance Trust has a strong track record of consistent dividend payments over its lifetime.

Does TRTX have a good Dividend Yield?

TRTX`s 11.78% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of TRTX?

The Dividend Payout Ratio of TRTX is 99.0%. Very high - REITs and BDCs are required by law to distribute 90% or more of their taxable income as dividends, making high payout ratios standard. Otherwise, proceed with caution.

What is the Dividend Rating of TRTX?

TRTX`s Overall Dividend Rating is 57.22%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

TRTX Outstanding Shares Analysis

What is the Trend in TRTX's Outstanding Shares?

TPG RE Finance Trust's outstanding shares have increased by approximately 0.64% annually over the past 3 years (Trend Reliability: 33.3%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has TRTX ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
2015 33,000,000
2016 41,000,000 +24.24%
2017 54,000,000 +31.71%
2018 63,000,000 +16.67%
2019 73,000,000 +15.87%
2020 77,000,000 +5.48%
2021 82,000,000 +6.49%
2022 77,000,000 -6.1%
2023 78,000,000 +1.3%
2024 80,000,000 +2.56%
2025 79,000,000 -1.25%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-03-24 02:45