Blue Owl Capital Corporation (NYSE:OBDC) Announces Quarterly Dividend of $0.37

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.37 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Wednesday, December 31st.

Blue Owl Capital has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Blue Owl Capital has a payout ratio of 97.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research 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 Price Performance

Shares of OBDC opened at $12.80 on Thursday. The company has a market capitalization of $6.54 billion, a P/E ratio of 8.48 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $13.31 and a 200 day moving average of $14.02. Blue Owl Capital has a twelve month low of $12.04 and a twelve month high of $15.73.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The firm had revenue of $485.84 million during the quarter, compared to analysts’ expectations of $480.42 million. As a group, equities research analysts anticipate that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SVB Wealth LLC bought a new position in shares of Blue Owl Capital during the first quarter worth $28,000. Atlantic Union Bankshares Corp bought a new position in shares of Blue Owl Capital during the third quarter worth $28,000. First Horizon Advisors Inc. purchased a new position in shares of Blue Owl Capital during the second quarter valued at about $40,000. Private Trust Co. NA grew its position in shares of Blue Owl Capital by 86.6% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Blue Owl Capital during the third quarter valued at about $47,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

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.