Blue Owl Capital Corporation (OBDC) To Go Ex-Dividend on December 31st

Blue Owl Capital Corporation (NYSE:OBDC) announced 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) annualized dividend 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 by an average of 0.1%annually over the last three years and has increased 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 tumble. Equities research 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 Trading Up 1.2%

OBDC opened at $12.75 on Monday. The company’s 50 day moving average price is $12.77 and its two-hundred day moving average price is $13.59. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 9.04 and a beta of 0.65. Blue Owl Capital has a fifty-two week low of $11.65 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, research analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current year.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.