Blue Owl Capital Co. (NYSE:OBDC) Announces $0.05 Dividend

Blue Owl Capital Co. (NYSE:OBDC) announced a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.05 per share on Friday, December 13th. The ex-dividend date of this dividend is Friday, November 29th.

Blue Owl Capital has increased its dividend payment by an average of 2.6% per year over the last three years. Blue Owl Capital has a payout ratio of 85.5% indicating that 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 $1.69 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 87.6%.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.83 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. Blue Owl Capital has a 12 month low of $13.84 and a 12 month high of $16.91. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 8.28 and a beta of 0.86. The stock’s 50-day moving average is $14.89 and its 200-day moving average is $15.41.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Equities analysts anticipate that Blue Owl Capital will post 1.91 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on OBDC. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Wells Fargo & Company upped their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. Finally, Truist Financial dropped their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Insider Buying and Selling

In related news, Director Edward H. Dalelio bought 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.