Blue Owl Capital Corporation (NYSE:OBDC) Stock to Pay Quarterly Dividend of $0.01

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 30th will be paid a dividend of $0.01 per share on Tuesday, December 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, November 30th. This is a 96.8% decrease from Blue Owl Capital’s previous quarterly dividend of $0.31.

Blue Owl Capital has a dividend 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 fall. Equities research analysts expect Blue Owl Capital to earn $1.28 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 96.9%.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $10.77 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 19.24 and a beta of 0.66. The firm has a 50-day moving average of $10.66 and a two-hundred day moving average of $11.14. Blue Owl Capital has a 1 year low of $9.81 and a 1 year high of $13.57.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $392.06 million for the quarter, compared to analysts’ expectations of $383.82 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. On average, research analysts forecast that Blue Owl Capital will post 1.30 earnings per share for the current year.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.