Blue Owl Capital Corporation (NYSE:OBDC) Announces $0.37 Quarterly Dividend

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 31st will be paid 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 is Wednesday, December 31st.

Blue Owl Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. 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 decline. 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 Down 0.9%

Shares of NYSE:OBDC opened at $12.80 on Thursday. The company has a market cap of $6.54 billion, a P/E ratio of 8.48 and a beta of 0.74. The stock’s 50-day moving average is $13.31 and its 200-day moving average is $14.02. Blue Owl Capital has a 52-week low of $12.04 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlueStem Wealth Partners LLC lifted its stake in Blue Owl Capital by 2.5% during the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company’s stock worth $480,000 after purchasing an additional 784 shares during the period. Perigon Wealth Management LLC lifted its stake in Blue Owl Capital by 3.0% during the third quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock worth $384,000 after purchasing an additional 876 shares during the period. Valeo Financial Advisors LLC lifted its stake in Blue Owl Capital by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock worth $455,000 after purchasing an additional 905 shares during the period. NorthRock Partners LLC lifted its stake in Blue Owl Capital by 5.4% during the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock worth $281,000 after purchasing an additional 975 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in Blue Owl Capital by 2.7% during the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company’s stock worth $548,000 after purchasing an additional 996 shares during the period. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Company Profile

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.