Blue Owl Capital Corporation to Issue Quarterly Dividend of $0.37 (NYSE:OBDC)

Blue Owl Capital Corporation (NYSE:OBDC) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.37 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

Blue Owl Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Blue Owl Capital has a dividend payout ratio of 97.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Blue Owl Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 86.5%.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $12.80 on Thursday. Blue Owl Capital has a 1 year low of $12.04 and a 1 year high of $15.73. The firm has a 50 day moving average of $13.31 and a 200-day moving average of $14.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $6.54 billion, a P/E ratio of 8.48 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The company had revenue of $485.84 million during the quarter, compared to analysts’ expectations of $480.42 million. As a group, sell-side analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $734,619,000. State of New Jersey Common Pension Fund A acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $218,884,000. Bank of America Corp DE grew its holdings in shares of Blue Owl Capital by 4.3% in the 2nd quarter. Bank of America Corp DE now owns 12,463,438 shares of the company’s stock valued at $178,726,000 after buying an additional 517,294 shares during the period. Cresset Asset Management LLC grew its holdings in shares of Blue Owl Capital by 85.8% in the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock valued at $123,979,000 after buying an additional 3,809,000 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Blue Owl Capital by 3.0% in the 1st quarter. Royal Bank of Canada now owns 7,608,871 shares of the company’s stock valued at $111,546,000 after buying an additional 221,571 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.