Blue Owl Capital Corporation (NYSE:OBDC) Raises Dividend to $0.31 Per Share

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, December 31st will be given a dividend of $0.31 per share on Friday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, December 31st. This is a 3,000.0% increase from Blue Owl Capital’s previous quarterly dividend of $0.01.

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 analysts expect Blue Owl Capital to earn $1.28 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 96.9%.

Blue Owl Capital Stock Up 2.6%

Blue Owl Capital stock opened at $10.77 on Thursday. The firm has a market cap of $5.31 billion, a P/E ratio of 19.24 and a beta of 0.66. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. Blue Owl Capital has a twelve month low of $9.81 and a twelve month high of $13.57. The business has a fifty day moving average of $10.66 and a two-hundred day moving average of $11.14.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. The business had revenue of $392.06 million for the quarter, compared to the consensus estimate of $383.82 million. On average, analysts forecast that Blue Owl Capital will post 1.30 earnings per share for the current fiscal year.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.