Blue Owl Capital Corporation (NYSE:OBDC) Plans $0.31 Quarterly Dividend

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.31 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Blue Owl Capital has a payout ratio of 81.6% 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 $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 Stock Down 2.3%

Shares of NYSE OBDC opened at $10.95 on Thursday. The company has a market capitalization of $5.43 billion, a P/E ratio of 15.64 and a beta of 0.62. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $11.27. Blue Owl Capital has a 1 year low of $10.52 and a 1 year high of $14.53.

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

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.