Blue Owl Capital Co. III to Issue Quarterly Dividend of $0.35 (NYSE:OBDE)

Blue Owl Capital Co. III (NYSE:OBDE) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.35 per share on Monday, July 15th. This represents a $1.40 annualized dividend and a yield of 8.86%. The ex-dividend date is Friday, June 28th.

Blue Owl Capital Co. III Stock Performance

Shares of NYSE OBDE traded up $0.01 during mid-day trading on Friday, reaching $15.80. 4,845 shares of the company’s stock were exchanged, compared to its average volume of 42,360. The stock’s 50-day moving average is $15.24. Blue Owl Capital Co. III has a 52-week low of $14.23 and a 52-week high of $16.80. The firm has a market capitalization of $1.95 billion and a price-to-earnings ratio of 6.37. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.78 and a quick ratio of 1.78.

Blue Owl Capital Co. III (NYSE:OBDE) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 EPS for the quarter. The company had revenue of $111.54 million for the quarter. Blue Owl Capital Co. III had a return on equity of 14.48% and a net margin of 67.44%. As a group, equities analysts predict that Blue Owl Capital Co. III will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer initiated coverage on Blue Owl Capital Co. III in a report on Wednesday, April 17th. They issued an “outperform” rating and a $16.00 price target for the company.

About Blue Owl Capital Co. III

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.