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

Blue Owl Capital Co. III (NYSE:OBDE) declared a — dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.35 per share on Wednesday, January 15th. This represents a dividend yield of 9.6%. The ex-dividend date is Tuesday, December 31st.

Blue Owl Capital Co. III Price Performance

Shares of OBDE traded down $0.11 during trading hours on Friday, reaching $14.58. 309,531 shares of the company traded hands, compared to its average volume of 111,835. 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 has a market capitalization of $1.80 billion and a PE ratio of 7.22. Blue Owl Capital Co. III has a fifty-two week low of $13.60 and a fifty-two week high of $16.80. The stock has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $14.88.

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

Insider Buying and Selling

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

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.