Blue Owl Technology Finance Corp. (OTF) To Go Ex-Dividend on March 31st

Blue Owl Technology Finance Corp. (NYSE:OTF) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.35 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Tuesday, March 31st. This is a 600.0% increase from Blue Owl Technology Finance’s previous quarterly dividend of $0.05.

Blue Owl Technology Finance Price Performance

NYSE OTF opened at $12.30 on Friday. The stock has a market cap of $5.76 billion and a PE ratio of 7.24. Blue Owl Technology Finance has a 12 month low of $11.73 and a 12 month high of $21.62.

Blue Owl Technology Finance (NYSE:OTF) last released its earnings results on Wednesday, February 18th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Blue Owl Technology Finance had a return on equity of 6.92% and a net margin of 62.89%.The company had revenue of $320.58 million during the quarter, compared to analyst estimates of $326.27 million.

Institutional Investors Weigh In On Blue Owl Technology Finance

Institutional investors have recently bought and sold shares of the business. Orange County Employees Retirement System acquired a new stake in shares of Blue Owl Technology Finance in the fourth quarter worth $116,497,000. Capricorn Investment Group LLC purchased a new stake in Blue Owl Technology Finance during the 4th quarter worth $78,915,000. Franklin Resources Inc. boosted its position in Blue Owl Technology Finance by 155,006.8% during the 4th quarter. Franklin Resources Inc. now owns 1,754,258 shares of the company’s stock worth $25,507,000 after purchasing an additional 1,753,127 shares during the period. Rivernorth Capital Management LLC increased its holdings in Blue Owl Technology Finance by 374.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,934,726 shares of the company’s stock valued at $28,131,000 after purchasing an additional 1,526,695 shares in the last quarter. Finally, Ares Management LLC raised its position in Blue Owl Technology Finance by 111.5% in the fourth quarter. Ares Management LLC now owns 1,140,168 shares of the company’s stock valued at $16,578,000 after purchasing an additional 601,104 shares during the period.

About Blue Owl Technology Finance

Blue Owl Technology Finance (NYSE: OTF) is a publicly traded business development company (BDC) sponsored by alternative asset manager Blue Owl. The firm focuses on providing customized debt and structured capital solutions to technology and technology-enabled companies, with an emphasis on growth-stage and middle-market borrowers. As a BDC, its primary activities include originating, structuring and managing private credit investments tailored to the financing needs of fast-growing businesses.

Its investment approach typically centers on direct lending and credit-oriented products, including senior secured loans, unitranche and subordinated debt, as well as selective equity-linked instruments and structured financings.