Blue Owl Technology Finance Corp. (OTF) To Go Ex-Dividend on June 30th

Blue Owl Technology Finance Corp. (NYSE:OTF) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, June 30th will be given a dividend of 0.35 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Tuesday, June 30th. This is a 600.0% increase from Blue Owl Technology Finance’s previous quarterly dividend of $0.05.

Blue Owl Technology Finance Trading Up 2.8%

Shares of NYSE:OTF opened at $10.54 on Friday. The company has a market cap of $4.87 billion and a PE ratio of 11.71. The company’s fifty day moving average is $11.04. Blue Owl Technology Finance has a 1-year low of $10.13 and a 1-year high of $16.10.

Blue Owl Technology Finance (NYSE:OTF) last announced its earnings results on Wednesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). Blue Owl Technology Finance had a net margin of 32.78% and a return on equity of 7.43%. The firm had revenue of $222.12 million during the quarter. During the same period in the prior year, the company posted $0.41 EPS. Equities research analysts forecast that Blue Owl Technology Finance will post 1.26 earnings per share for the current year.

Blue Owl Technology Finance Company Profile

Blue Owl Technology Finance (NYSE: OTF) is a publicly traded business development company (BDC) sponsored by alternative asset manager Blue Owl. The firm focuses on providing customized debt and structured capital solutions to technology and technology-enabled companies, with an emphasis on growth-stage and middle-market borrowers. As a BDC, its primary activities include originating, structuring and managing private credit investments tailored to the financing needs of fast-growing businesses.

Its investment approach typically centers on direct lending and credit-oriented products, including senior secured loans, unitranche and subordinated debt, as well as selective equity-linked instruments and structured financings.