Blue Owl Technology Finance Corp. (OTF) To Go Ex-Dividend on September 21st

Blue Owl Technology Finance Corp. (NYSE:OTF) declared a quarterly dividend on Monday, June 2nd. Investors of record on Monday, September 21st will be paid a dividend of 0.05 per share on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, September 21st.

Blue Owl Technology Finance Trading Down 2.3%

NYSE OTF traded down $0.25 on Friday, hitting $10.61. 2,866,447 shares of the company traded hands, compared to its average volume of 2,246,044. The business’s 50 day moving average price is $10.81 and its 200-day moving average price is $11.11. Blue Owl Technology Finance has a 52-week low of $9.75 and a 52-week high of $15.54. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.27 and a beta of -0.73.

Blue Owl Technology Finance (NYSE:OTF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Blue Owl Technology Finance had a return on equity of 7.17% and a net margin of 28.69%.The business had revenue of $338.03 million during the quarter. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, sell-side analysts predict that Blue Owl Technology Finance will post 1.25 earnings per share for the current year.

About Blue Owl Technology Finance

Blue Owl Technology Finance Corp. is a business development company that provides financing to technology-focused companies. The company primarily invests in privately held, middle-market businesses through loans and other debt investments, seeking to support companies with established operations, recurring revenue, and growth opportunities.

Its investment portfolio may include senior secured, unitranche, second-lien, and subordinated loans, as well as warrants or other equity-related investments.