Blue Owl Capital Corporation (OBDC) To Go Ex-Dividend on December 31st

Blue Owl Capital Corporation (NYSE:OBDC) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Thursday, December 31st will be given a dividend of $0.31 per share on Friday, January 15th. This represents a $1.24 annualized dividend and a yield of 11.5%. The ex-dividend date is Thursday, December 31st. This is a 3,000.0% increase from Blue Owl Capital’s previous quarterly dividend of $0.01.

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. 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 Stock Up 2.6%

Shares of OBDC opened at $10.77 on Thursday. The stock has a market capitalization of $5.31 billion, a PE ratio of 19.24 and a beta of 0.66. Blue Owl Capital has a 1 year low of $9.81 and a 1 year high of $13.57. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $10.66 and its 200-day simple moving average is $11.14.

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

About Blue Owl Capital

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.