Blue Owl Capital Corporation Announces Dividend of $0.02 (NYSE:OBDC)

Blue Owl Capital Corporation (NYSE:OBDC) announced a dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.02 per share on Tuesday, September 15th. The ex-dividend date is Monday, August 31st.

Blue Owl Capital has a dividend payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Blue Owl Capital to earn $1.30 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 95.4%.

Blue Owl Capital Price Performance

Shares of OBDC opened at $10.95 on Thursday. The company has a 50 day moving average of $10.96 and a two-hundred day moving average of $11.27. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 15.64 and a beta of 0.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital has a twelve month low of $10.52 and a twelve month high of $14.53.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $394.23 million. During the same quarter last year, the firm earned $0.40 EPS. As a group, analysts predict that Blue Owl Capital will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OBDC. Golden State Equity Partners raised its stake in shares of Blue Owl Capital by 1.8% in the 4th quarter. Golden State Equity Partners now owns 46,405 shares of the company’s stock valued at $577,000 after acquiring an additional 836 shares during the period. IFP Advisors Inc grew its stake in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after buying an additional 929 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Blue Owl Capital by 6.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,878 shares of the company’s stock valued at $185,000 after buying an additional 964 shares during the period. BlueStem Wealth Partners LLC raised its holdings in shares of Blue Owl Capital by 2.8% in the 4th quarter. BlueStem Wealth Partners LLC now owns 35,443 shares of the company’s stock valued at $441,000 after buying an additional 978 shares during the period. Finally, Sage Investment Counsel LLC lifted its stake in Blue Owl Capital by 8.4% during the 1st quarter. Sage Investment Counsel LLC now owns 12,855 shares of the company’s stock worth $142,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.