About TCW Multisector Credit Income ETF (MUSE) — Dividend Analysis 2026
MUSE is actively managed to invest in a diversified portfolio of high-yield fixed income securities of any maturity. It provides exposure to various fixed income sectors, such as bank loans, foreign securities dominated in any currencies, US government and corporate bonds, and TIPS. Up to 20% can be allocated to securitized investments, such as residential and commercial mortgage-backed securities, ABS, and CLOs. It may also invest in emerging markets and distressed bonds. Portfolio selection involves independent, bottom-up research to identify securities that are undervalued and that offer a superior risk/return profile. The fund may engage in frequent trading which may increase transaction costs. It may utilize derivatives for hedging, risk management, and to increase income.
Is MUSE a good dividend investment in 2026?
MUSE offers a 7.75% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
MUSE DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your MUSE portfolio grows to $21.1K vs $17.8K without reinvestment. This is the compound interest effect in action.
MUSE dividend growth history & forecast
MUSE has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 7.75%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 MUSE Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MUSE.
Gross yield
7.75%
Tax rate
15.00%
After-tax yield
6.59%
Real yield (−CPI)
3.79%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
7.75%
4.95%
$775 / yr
🇺🇸 US Taxable (15%) ✓
15%
6.59%
3.79%
$659 / yr
🇺🇸 US Taxable (20%)
20%
6.20%
3.40%
$620 / yr
🇬🇧 UK ISA
0%
7.75%
4.95%
$775 / yr
🇬🇧 UK Taxable
8.75%
7.07%
4.27%
$707 / yr
🇨🇦 TFSA
0%
7.75%
4.95%
$775 / yr
🇨🇦 CA Taxable
25%
5.81%
3.01%
$581 / yr
🇦🇺 Super (pension)
15%
6.59%
3.79%
$659 / yr
🇦🇺 AU Taxable
30%
5.42%
2.63%
$543 / yr
🇩🇪 DE Taxable
26.375%
5.71%
2.91%
$571 / yr
🇫🇷 FR Taxable
30%
5.42%
2.63%
$543 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 MUSE Income Goal & Break-Even
Dividend Break-Even
16yr
Years for dividends to fully repay your MUSE investment of $48.77/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$8.9K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$6.5K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in MUSE for:
Shares needed
7,470
Capital required
$364,312
Monthly income
$2,000
Based on current dividend of $3.78/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MUSE Dividend Payment Schedule
MUSE pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$8.03 / payment
$32.13 / year after tax
100 shares
$80.33 / payment
$321.30 / year after tax
1,000 shares
$803.25 / payment
$3213.00 / year after tax
📊 MUSE vs Financial Services Benchmarks
How MUSE compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+4.85% vs sectorBetter
MUSE
7.75%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
MUSE
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
MUSE
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MUSE sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MUSE Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
OBEROI ARUN
officer: EVP Global Sales & Tech. Serv
D-Return
2006-02-14
150,000
$8.03
$1.20M
OBEROI ARUN
officer: EVP Global Sales & Tech. Serv
D-Return
2006-02-14
42,361
$4.95
$209.7K
OBEROI ARUN
officer: EVP Global Sales & Tech. Serv
D-Return
2006-02-14
42,013
$5.51
$231.5K
OBEROI ARUN
officer: EVP Global Sales & Tech. Serv
D-Return
2006-02-14
2,500
$25000.00
$62.50M
BOLGER JOHN C
director
D-Return
2006-02-14
10,000
$5.51
$55.1K
BOLGER JOHN C
director
D-Return
2006-02-14
6,000
$60000.00
$360.00M
BOLGER JOHN C
director
D-Return
2006-02-14
40,000
$6.34
$253.6K
OBEROI ARUN
officer: EVP - Global Sales & Technical
A-Award
2004-12-20
50,000
$5.51
$275.5K
BOLGER JOHN C
director
A-Award
2004-12-20
10,000
$5.51
$55.1K
OBEROI ARUN
officer: EVP - Global Sales & Technical
A-Award
2004-11-19
50,000
$4.95
$247.5K
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MUSE dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →