Blue Owl Technology Finance Corp. (NYSE:OTF – Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.35 per share on Friday, January 15th. This represents a $1.40 annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Thursday, December 31st.
Blue Owl Technology Finance Stock Up 1.9%
NYSE OTF opened at $9.81 on Thursday. The company’s 50 day moving average is $10.07 and its 200-day moving average is $11.10. The firm has a market cap of $4.50 billion, a P/E ratio of 7.96 and a beta of -0.54. Blue Owl Technology Finance has a 12-month low of $8.76 and a 12-month high of $15.00.
Blue Owl Technology Finance (NYSE:OTF – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Blue Owl Technology Finance had a return on equity of 7.17% and a net margin of 28.69%. The company had revenue of $341.29 million during the quarter. During the same period in the prior year, the company posted $0.32 EPS. Equities analysts expect that Blue Owl Technology Finance will post 1.25 EPS for the current year.
About Blue Owl Technology Finance
Blue Owl Technology Finance (NYSE: OTF) is a business development company that provides financing to technology-related businesses. The company primarily invests in senior secured loans and other debt investments, with a focus on companies operating in technology and technology-enabled industries.
Its portfolio may also include subordinated debt, equity investments and other securities, allowing it to support businesses at various stages of development. Blue Owl Technology Finance generally works with private, middle-market companies seeking capital for growth, acquisitions, recapitalizations and other corporate purposes.
The company is externally managed by an affiliate of Blue Owl Capital, an alternative asset manager.
Further Reading
- Five stocks we like better than Blue Owl Technology Finance
- 3 AI Infrastructure Plays Beyond Chipmakers
- Keurig Dr Pepper’s Beverage Growth Raises a Tough Question About Its Coffee Split
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
Receive News & Ratings for Blue Owl Technology Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Technology Finance and related companies with MarketBeat.com's FREE daily email newsletter.
