Blue Owl Capital Corporation (OBDC) to Issue Dividend of $0.02 on September 15th

Blue Owl Capital Corporation (NYSE:OBDC) declared a dividend on Tuesday, August 4th. Investors of record on Monday, August 31st will be paid a dividend of 0.02 per share on Tuesday, September 15th. The ex-dividend date of this dividend 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 decline. Equities 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 Trading Up 3.2%

Shares of OBDC stock traded up $0.35 on Thursday, hitting $11.32. The company had a trading volume of 6,259,110 shares, compared to its average volume of 4,940,455. Blue Owl Capital has a twelve month low of $10.52 and a twelve month high of $14.53. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $5.62 billion, a P/E ratio of 16.17 and a beta of 0.62. The stock’s 50-day moving average is $10.96 and its two-hundred day moving average is $11.27.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $394.23 million. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts anticipate that Blue Owl Capital will post 1.27 earnings per share for the current fiscal year.

About Blue Owl Capital

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.