TRTX Dividend History & Analysis | 10.6% Yield

TRTX has a dividend yield of 10.6% and paid 0.96 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 10.62%
Payout Ratio 115.7%
Growth Rate CAGR 5y 0.26%
Consistency Lifetime 93.4%
Yield on Cost 5y 15.87%
Payout FCF 105.8%
Streak Years 9
Dividend Rating 61.98%

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
Total Return 12m: 22.2%
Total Return 5y: 49.5%

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DX 2,044 M 14.3% 20.9%
MFA 978 M 14.9% 18.3%
AGNC 12,240 M 12.6% 18.2%
EFC 1,514 M 11.4% 18.8%
PMT 1,105 M 12.2% 16.7%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate (CAGR) Payout Consistency
MFA 978 M 39.1% 86.6%
NLY 15,887 M 33.6% 88.5%
IVR 606 M 40.9% 84.4%
ARR 2,051 M 24.5% 81.7%
TWO 1,116 M 24.4% 85.8%

Quality Dividend Peers in Mortgage REITs

TRTX Dividend History: Last 35 Payments (USD) as of January 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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% 1.85%
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 U.S.-based real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial mortgage loans and related debt instruments across sectors such as multifamily, life-science, mixed-use, hospitality, self-storage, and industrial properties.

What is the Dividend Yield of TRTX?

As of January 2026, TRTX`s dividend yield is 10.62%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.96 USD by the current share price of 9.04.

Does TRTX pay a dividend?

As of January 2026, TRTX paid a dividend of 0.96 USD in the last 12 months. The last dividend was paid on 2025-12-26 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 2025-12-26.

TRTX dividend forecast

Based on historical data, the forecasted dividends per share for TRTX for the next 4 payments are between 0.161 (-32.9%) and 0.206 (-14.2%).
This represents a significant dividend cut compared to the last payment.

Will TRTX pay dividends in 2026?

The latest dividend paid per share was 0.24 USD with an Ex-Dividend Date of 2025-12-26. 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 15.9%. If you bought TRTX's shares at 6.05 USD five years ago, your current annual dividend income (0.96 USD per share, trailing 12 months) equals 15.9% 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 10.62% 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 115.7%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of TRTX?

TRTX`s Overall Dividend Rating is 61.98%. 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 0.69% 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 60,689,500 +83.91%
2017 60,393,800 -0.49%
2018 68,294,700 +13.08%
2019 76,465,300 +11.96%
2020 80,673,200 +5.5%
2021 82,029,000 +1.68%
2022 76,656,800 -6.55%
2023 77,739,100 +1.41%
2024 79,548,000 +2.33%
2025 78,813,800 -0.92%

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: 2026-01-05 02:15