The Geraldine Weiss dividend yield theory applied to Morgan Stanley Direct Lending Fund ($MSDL) uses the stock's historical dividend yield range to estimate when the price is cheap or expensive relative to its own dividend-paying history (2025–2026). Based on that history, $MSDL is currently trading close to its fair value.

When the $MSDL yield climbs above 🟢 14.87%, the stock has historically been undervalued. When the yield falls below 🔴 7.59%, Morgan Stanley Direct Lending Fund has historically been overvalued. The dashed 🟡 fair value (~11.23%) line marks the orientative midpoint between both extremes, not a price target.