Blue Owl Capital Co. (NYSE:OBDC) Plans $0.05 Dividend

Blue Owl Capital Co. (NYSE:OBDC) announced a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.05 per share on Monday, March 17th. The ex-dividend date is Friday, February 28th.

Blue Owl Capital has increased its dividend by an average of 5.6% annually over the last three years. Blue Owl Capital has a dividend payout ratio of 91.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Blue Owl Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 86.5%.

Blue Owl Capital Trading Down 0.0 %

OBDC stock opened at $15.35 on Wednesday. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 10.02 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The firm’s fifty day simple moving average is $15.12 and its two-hundred day simple moving average is $15.00.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, analysts anticipate that Blue Owl Capital will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on OBDC. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.