Blue Owl Capital Corporation (OBDC) to Issue Quarterly Dividend of $0.37 on October 15th

Blue Owl Capital Corporation (NYSE:OBDC) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.37 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, September 30th.

Blue Owl Capital has a dividend payout ratio of 97.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Stock Down 1.0%

NYSE OBDC opened at $13.24 on Friday. The stock’s 50 day moving average is $14.17 and its 200 day moving average is $14.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $15.73. The stock has a market cap of $6.77 billion, a PE ratio of 8.77 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The company had revenue of $485.84 million for the quarter, compared to analysts’ expectations of $480.42 million. Research analysts predict that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $15.42.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.