Blue Owl Technology Finance Corp. to Issue Quarterly Dividend of $0.05 (NYSE:OTF)

Blue Owl Technology Finance Corp. (NYSE:OTF) declared a quarterly dividend on Monday, June 2nd. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.05 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 22nd.

Blue Owl Technology Finance Price Performance

Blue Owl Technology Finance stock opened at $10.65 on Friday. The firm has a market cap of $4.93 billion and a price-to-earnings ratio of 11.84. The stock’s 50-day moving average is $11.16. Blue Owl Technology Finance has a 1 year low of $10.48 and a 1 year high of $16.10.

Blue Owl Technology Finance (NYSE:OTF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $222.12 million during the quarter. Blue Owl Technology Finance had a net margin of 32.78% and a return on equity of 7.43%. During the same quarter last year, the company earned $0.41 EPS. On average, equities research analysts expect that Blue Owl Technology Finance will post 1.26 EPS for the current fiscal year.

Blue Owl Technology Finance Company Profile

Blue Owl Technology Finance (NYSE: OTF) is a publicly traded business development company (BDC) sponsored by alternative asset manager Blue Owl. The firm focuses on providing customized debt and structured capital solutions to technology and technology-enabled companies, with an emphasis on growth-stage and middle-market borrowers. As a BDC, its primary activities include originating, structuring and managing private credit investments tailored to the financing needs of fast-growing businesses.

Its investment approach typically centers on direct lending and credit-oriented products, including senior secured loans, unitranche and subordinated debt, as well as selective equity-linked instruments and structured financings.