Blue Owl Capital Co. III (NYSE:OBDE) to Issue Quarterly Dividend of $0.35

Blue Owl Capital Co. III (NYSE:OBDE) announced a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.35 per share on Tuesday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 9.66%. The ex-dividend date of this dividend is Monday, September 30th.

Blue Owl Capital Co. III Stock Performance

Shares of Blue Owl Capital Co. III stock opened at $14.49 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average is $14.44 and its two-hundred day moving average is $15.02. Blue Owl Capital Co. III has a 52 week low of $13.60 and a 52 week high of $16.80. The company has a market capitalization of $1.79 billion and a PE ratio of 6.38.

Blue Owl Capital Co. III (NYSE:OBDE) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $123.18 million for the quarter, compared to the consensus estimate of $119.08 million. Blue Owl Capital Co. III had a net margin of 54.40% and a return on equity of 12.53%. As a group, analysts expect that Blue Owl Capital Co. III will post 1.61 earnings per share for the current year.

Insider Buying and Selling

In other Blue Owl Capital Co. III news, Director Melissa Weiler purchased 12,000 shares of Blue Owl Capital Co. III stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at approximately $172,080. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Blue Owl Capital Co. III news, Director Victor Woolridge bought 6,830 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the purchase, the director now directly owns 6,830 shares in the company, valued at $99,991.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Melissa Weiler purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of $14.34 per share, for a total transaction of $172,080.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $172,080. The disclosure for this purchase can be found here. 90.80% of the stock is owned by insiders.

About Blue Owl Capital Co. III

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.