TPG RE Finance Trust, Inc. · TRTX · NYSE
Dividend report · updated Nov 12, 2026
$6.42 -3.31% on the day, -$0.22
TRTX stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is TRTX’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$0.96·14.95%
$0.24 quarterly x 4 ⓘ
Next payment
~$0.24/qtr
pays ~Dec 31 (est.) ⓘ
Next ex-date
Dec 28est.
own by Dec 25 ⓘ
Years without a cut
5 yrs
since the 2020 cut (-53.5%) ⓘ
Paying since
2017
38 payments on file
Yield vs history ⓘ
79
Above its usual yield
TRTX share price & total return
Daily closing price, adjusted for stock splits.
Last 20 payments
TRTX Dividend Growth (CAGR) ⓘ
1Y 0.0%3Y 0.0%5Y 0.0%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 38 payments since 2017.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (1 estimated from the current $0.24 rate), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: 0% a year, its typical raise over the last 5 years. Today's $0.96 a year would stay $0.96 by 2031 - 14.95% on today's $6.42 price.

How Many TRTX Shares for $500 or $1,000 a Month?

At $0.96 a share a year, $500 a month takes about 6,250 TRTX shares, about $40,125 at the Nov 12, 2026 close of $6.42. $1,000 a month takes about 12,500 shares, about $80,250. Before taxes, and only while the rate holds.

TPG RE Finance Trust (TRTX) pays $0.24 a share quarterly, $0.96 a year, a 14.95% run-rate yield at the Nov 12, 2026 close of $6.42. It has made 38 dividend payments since 2017.

At today’s rate of $0.24 quarterly and the last close of $6.42, this is what TRTX pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.24$0.08$0.96
100 shares$24.00$8.00$96.00
$10,000 invested (1,557.6 shares)$373.83$124.61$1,495.33
6,250 shares ($500/mo)$1,500.00$500.00$6,000.00
12,500 shares ($1,000/mo)$3,000.00$1,000.00$12,000.00

With DRIP on, every payment buys more shares instead of landing as cash. 100 TRTX shares reinvest into 3.74 new shares each payment, about 15.8 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 27 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with TRTX’s own history in the TRTX DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See TRTX’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

TRTX Dividend Yield Today vs Its 5-Year Range

79/100Above its usual yieldvs its 5-yr history
  • TRTX yields 14.95% today, at the Nov 12, 2026 close of $6.42.
  • Its own 5-year median is 11.30%, so today’s yield is above its usual level.
Last 5 years: lowest to highest month-end yield
7.87% low17.42% high
Blue mark = today, grey = its 5-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 5 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is TRTX’s Next Dividend? Ex-Date and Pay Date After September 2026

TRTX has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 28, 2026, with the cash around Dec 31, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.24 a share, went ex on Sep 28, 2026 and paid Sep 30, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 3 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does TRTX Pay?

TRTX pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Paid in the last 12 months
$0.96 a share, in 4 payments.
+0.0% against the 12 months before ($0.96 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Mar, Jun, Sep and Dec. Ex-dates fall in Mar, Jun, Sep and Dec (latest 4 payments).
Raise history
  • Streak: 0 years of higher annual totals (through 2025)
  • Last raise: Sep 28, 2021 - $0.20 to $0.24 (+$0.04, +20.00%)
  • Usual $ step: $0.18 (median of the raises before it)
Coverage
  • FFO payout (approx.): 138.2% - $0.96 paid / $0.69 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
  • Cash-flow payout: 81.4% - $0.96 paid / $1.18 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 80.3% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): 244.6% - $0.96 paid / $0.39 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 300.0% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

TRTX vs Similar Dividend Stocks (GOOD, FBRT...)

Against the 10 dividend-paying Real Estate companies closest to TRTX in market value, TRTX’s 14.95% run-rate yield is above the group’s middle yield of 9.62%, and its raise streak of 0 years is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
TRTX $6.42TPG RE Finance Trust $0.24/qtr$0.96/yr fwd 14.95% Dividend Safety Rating: paid plans only 5 yrsno raise streak
GOOD $10.12Gladstone Commercial $0.10/mo$1.20/yr fwd 11.86% Dividend Safety Rating: paid plans only 2 yrsno raise streak
FBRT $6.30Franklin BSP Realty Trust $0.20/qtr$0.80/yr fwd 12.70% Dividend Safety Rating: paid plans only 0 yrsno raise streak
ADAM $5.33Adamas Trust $0.30/qtr$1.20/yr fwd 22.51% Dividend Safety Rating: paid plans only 2 yrsraised 1 yr in a row
ADAMZ $16.30Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.4375/qtr$1.75/yr fwd 10.74% Dividend Safety Rating: paid plans only 3+ yrsno raise streak
AGNT $2.85AGNT $0.05/qtr$0.20/yr fwd 7.02% Dividend Safety Rating: paid plans only 3+ yrsno raise streak
SRRTF $12.49Slate Grocery REIT $0.072/mo$0.86/yr fwd 6.92% Dividend Safety Rating: paid plans only 9+ yrsno raise streak
BDN $3.05Brandywine Realty Trust $0.08/qtr$0.32/yr fwd 10.49% Dividend Safety Rating: paid plans only 0 yrsno raise streak
UHT $38.70Universal Health Realty Income Trust $0.75/qtr$3.00/yr fwd 7.75% Dividend Safety Rating: paid plans only 38+ yrsraised 38+ yrs in a row
AHRT $6.40AH Realty Trust $0.14/qtr$0.56/yr fwd 8.75% Dividend Safety Rating: paid plans only 0 yrsno raise streak
OLP $21.23One Liberty Properties $0.45/qtr$1.80/yr fwd 8.48% Dividend Safety Rating: paid plans only 17 yrsno raise streak

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: TRTX vs GOOD, TRTX vs FBRT, TRTX vs ADAM.

TRTX Dividend History: Every Payment Since 2017

Ex-datePay dateAmountFrequencyType
Sep 28, 2026Sep 30, 2026$0.24QuarterlyRegular
Jun 26, 2026Jun 29, 2026$0.24QuarterlyRegular
Mar 27, 2026Mar 30, 2026$0.24QuarterlyRegular
Dec 26, 2025Dec 29, 2025$0.24QuarterlyRegular
Sep 26, 2025Sep 29, 2025$0.24QuarterlyRegular
Jun 27, 2025Jun 30, 2025$0.24QuarterlyRegular
Mar 28, 2025Mar 31, 2025$0.24QuarterlyRegular
Dec 27, 2024Dec 30, 2024$0.24QuarterlyRegular
Sep 27, 2024Sep 30, 2024$0.24QuarterlyRegular
Jun 27, 2024Jul 1, 2024$0.24QuarterlyRegular
The other 28 TRTX payments come with a paid plan.
Show all 38 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for TRTX

UnlockDividend Safety Rating: paid plans only
See where TRTX lands, and why.
See the rating & factors »
Own TRTX? Your payouts fill in by themselves Add TRTX once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track TRTX →

TRTX Dividend Questions

How often does TRTX pay dividends?

TRTX pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Does TRTX pay dividends monthly?

No. TRTX pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next TRTX dividend?

TRTX has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 28, 2026, with the cash around Dec 31, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.24 a share, went ex on Sep 28, 2026 and paid Sep 30, 2026. The current rate is $0.24 per share, $0.96 a year.

Does TRTX pay a dividend in December 2026?

Not declared yet. By its usual rhythm the next ex-date falls around Dec 28, 2026, with the cash around Dec 31, 2026, so a payment in December 2026 is likely. Only the company’s declaration makes it final.

How much does TRTX pay per share?

TRTX pays $0.24 a share quarterly, $0.96 a year. At the Nov 12, 2026 close of $6.42 that is a 14.95% run-rate yield, above its usual level: its own 5-year median is 11.30%.

Has TRTX raised its dividend?

TRTX has no current streak of yearly raises. The latest raise, on Sep 28, 2021, took the rate from $0.20 to $0.24 (+20.00%). Over five years the dividend grew 0.0% a year.

Is TRTX’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. TRTX paid out 81% of its cash flow as dividends over the 4 quarters to Sep 30, 2026. It has gone 5 years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my TRTX dividends?

Add TRTX to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run TRTX in the DRIP calculator.

More Dividend Lists and Tools

How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 12, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.