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

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, February 20th will be given a dividend of 0.225 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, February 20th.

Blue Owl Capital has a payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Blue Owl Capital to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 79.6%.

Blue Owl Capital Stock Down 3.9%

Shares of NYSE:OWL traded down $0.47 on Thursday, reaching $11.60. The company had a trading volume of 68,433,983 shares, compared to its average volume of 19,030,811. The stock has a market capitalization of $18.08 billion, a P/E ratio of 193.28, a P/E/G ratio of 1.03 and a beta of 1.11. The stock has a 50-day moving average price of $15.27 and a 200 day moving average price of $16.69. Blue Owl Capital has a twelve month low of $10.88 and a twelve month high of $25.89.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The business had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. On average, sell-side analysts predict that Blue Owl Capital will post 0.92 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.