Blue Owl Capital Inc. Announces Quarterly Dividend of $0.23 (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 13th will be given a dividend of 0.23 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Thursday, August 13th.

Blue Owl Capital has a payout ratio of 87.6% 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 $0.99 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 92.9%.

Blue Owl Capital Trading Up 6.3%

Shares of NYSE OWL traded up $0.60 during midday trading on Thursday, hitting $10.15. The company’s stock had a trading volume of 40,924,362 shares, compared to its average volume of 26,692,301. The business’s 50 day moving average is $9.50 and its two-hundred day moving average is $10.43. Blue Owl Capital has a 12-month low of $7.95 and a 12-month high of $20.58. The firm has a market cap of $15.78 billion, a P/E ratio of 84.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, analysts predict that Blue Owl Capital will post 0.87 earnings per share for the current fiscal year.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.