Blue Owl Capital Inc. (OWL) to Distribute Quarterly Dividend of $0.23 on August 27th

Blue Owl Capital Inc. (NYSE:OWL) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, August 13th will be given a dividend of 0.23 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, August 13th.

Blue Owl Capital has a payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Blue Owl Capital to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 92.9%.

Blue Owl Capital Price Performance

Shares of OWL opened at $11.69 on Tuesday. The firm has a market cap of $18.23 billion, a P/E ratio of 97.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $20.58. The company has a 50 day simple moving average of $9.67 and a two-hundred day simple moving average of $10.18.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The firm had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. On average, sell-side analysts anticipate that Blue Owl Capital will post 0.88 earnings per share for the current year.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.