Blue Owl Technology Finance Corp. (NYSE:OTF) Plans $0.05 Quarterly Dividend

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

Blue Owl Technology Finance Stock Down 2.3%

OTF stock opened at $10.61 on Friday. Blue Owl Technology Finance has a 52 week low of $9.75 and a 52 week high of $15.54. The business has a 50-day simple moving average of $10.81 and a 200 day simple moving average of $11.11. The company has a market cap of $4.86 billion, a PE ratio of 13.27 and a beta of -0.73.

Blue Owl Technology Finance (NYSE:OTF) last released its earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Blue Owl Technology Finance had a net margin of 28.69% and a return on equity of 7.17%. The firm had revenue of $338.03 million for the quarter. During the same period in the prior year, the business earned $0.45 earnings per share. On average, analysts anticipate that Blue Owl Technology Finance will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citizens Jmp upped their price target on shares of Blue Owl Technology Finance from $16.00 to $17.00 and gave the stock a “market outperform” rating in a report on Friday, August 7th. Zacks Research upgraded Blue Owl Technology Finance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Citigroup restated an “outperform” rating on shares of Blue Owl Technology Finance in a report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price objective on shares of Blue Owl Technology Finance in a report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.60.

Blue Owl Technology Finance Company Profile

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.