Blue Owl Technology Finance Corp. (NYSE:OTF – Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, December 31st will be given a dividend of $0.35 per share on Friday, January 15th. This represents a $1.40 annualized dividend and a yield of 14.3%. The ex-dividend date is Thursday, December 31st.
Blue Owl Technology Finance Stock Up 1.9%
OTF opened at $9.81 on Thursday. The company has a market cap of $4.50 billion, a PE ratio of 12.27 and a beta of -0.54. Blue Owl Technology Finance has a 52 week low of $8.76 and a 52 week high of $15.00. The business has a 50 day moving average price of $10.07 and a two-hundred day moving average price of $11.10.
Blue Owl Technology Finance (NYSE:OTF – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $341.29 million for the quarter. Blue Owl Technology Finance had a return on equity of 7.17% and a net margin of 28.69%. During the same quarter in the prior year, the company posted $0.32 earnings per share. As a group, sell-side analysts expect that Blue Owl Technology Finance will post 1.25 EPS for the current fiscal year.
About Blue Owl Technology Finance
Blue Owl Technology Finance (NYSE: OTF) is a business development company that provides financing to technology-related businesses. The company primarily invests in senior secured loans and other debt investments, with a focus on companies operating in technology and technology-enabled industries.
Its portfolio may also include subordinated debt, equity investments and other securities, allowing it to support businesses at various stages of development. Blue Owl Technology Finance generally works with private, middle-market companies seeking capital for growth, acquisitions, recapitalizations and other corporate purposes.
The company is externally managed by an affiliate of Blue Owl Capital, an alternative asset manager.
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