Blue Owl Capital Corporation (NYSE:OBDC) Shareholders to Collect $0.01 Quarterly Dividend

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 30th will be paid a dividend of $0.01 per share on Tuesday, December 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 30th. This is a 96.8% decrease from Blue Owl Capital’s previous quarterly dividend of $0.31.

Blue Owl Capital has a dividend payout ratio of 81.6% 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 $1.28 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 96.9%.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $10.77 on Thursday. The company’s 50 day moving average is $10.66 and its 200-day moving average is $11.14. The firm has a market cap of $5.31 billion, a P/E ratio of 19.24 and a beta of 0.66. Blue Owl Capital has a 12-month low of $9.81 and a 12-month high of $13.57. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The business had revenue of $392.06 million during the quarter, compared to analysts’ expectations of $383.82 million. Sell-side analysts predict that Blue Owl Capital will post 1.30 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OBDC has been the subject of a number of analyst reports. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Raymond James Financial set a $11.00 price target on Blue Owl Capital in a report on Thursday, October 22nd. Finally, Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.57.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.