Blue Owl Capital Corporation (NYSE:OBDC) to Issue Dividend of $0.02

Blue Owl Capital Corporation (NYSE:OBDC) announced a dividend on Wednesday, August 5th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.02 per share on Tuesday, September 15th. The ex-dividend date is Monday, August 31st.

Blue Owl Capital has a dividend payout ratio of 81.6% indicating that 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 $1.30 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 95.4%.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $10.95 on Thursday. The company has a market cap of $5.43 billion, a PE ratio of 15.64 and a beta of 0.62. Blue Owl Capital has a one year low of $10.52 and a one year high of $14.53. The stock has a 50-day moving average of $10.96 and a 200-day moving average of $11.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The business had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. During the same quarter in the previous year, the business earned $0.40 EPS. On average, equities research analysts predict that Blue Owl Capital will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on OBDC. Capital One Financial set a $13.00 price target on Blue Owl Capital in a research note on Friday, July 24th. Truist Financial cut their target price on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Finally, Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit?investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first?lien senior secured loans, unitranche facilities, second?lien financings, mezzanine debt, and minority equity co-investments.