Blue Owl Capital Corporation Plans Quarterly Dividend of $0.37 (NYSE:OBDC)

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.37 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date is Tuesday, March 31st.

Blue Owl Capital has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Blue Owl Capital has a payout ratio of 97.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Blue Owl Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 86.5%.

Blue Owl Capital Stock Up 1.0%

OBDC opened at $11.55 on Thursday. The firm’s 50 day simple moving average is $12.31 and its two-hundred day simple moving average is $12.95. The company has a market capitalization of $5.90 billion, a PE ratio of 8.19 and a beta of 0.67. Blue Owl Capital has a 1-year low of $10.70 and a 1-year high of $15.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $439.50 million during the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. As a group, equities analysts forecast that Blue Owl Capital will post 1.71 EPS for the current 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.