Blue Owl Technology Finance Corp. (NYSE:OTF) to Issue Dividend Increase – $0.35 Per Share

Blue Owl Technology Finance Corp. (NYSE:OTFGet Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.35 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Wednesday, September 30th. This is a 600.0% increase from Blue Owl Technology Finance’s previous quarterly dividend of $0.05.

Blue Owl Technology Finance Trading Up 3.5%

OTF opened at $10.79 on Thursday. The company has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $11.46. Blue Owl Technology Finance has a 1-year low of $9.75 and a 1-year high of $15.82. The company has a market cap of $4.99 billion, a P/E ratio of 11.98 and a beta of -0.86.

Blue Owl Technology Finance (NYSE:OTFGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Blue Owl Technology Finance had a return on equity of 7.43% and a net margin of 32.78%.The company had revenue of $263.96 million during the quarter. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, research analysts forecast that Blue Owl Technology Finance will post 1.26 EPS for the current fiscal year.

About Blue Owl Technology Finance

(Get Free Report)

Blue Owl Technology Finance (NYSE: OTF) is a publicly traded business development company (BDC) sponsored by alternative asset manager Blue Owl. The firm focuses on providing customized debt and structured capital solutions to technology and technology-enabled companies, with an emphasis on growth-stage and middle-market borrowers. As a BDC, its primary activities include originating, structuring and managing private credit investments tailored to the financing needs of fast-growing businesses.

Its investment approach typically centers on direct lending and credit-oriented products, including senior secured loans, unitranche and subordinated debt, as well as selective equity-linked instruments and structured financings.

See Also

Dividend History for Blue Owl Technology Finance (NYSE:OTF)

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