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

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

Blue Owl Capital has increased its dividend by an average of 2.6% annually over the last three years. Blue Owl Capital has a dividend payout ratio of 86.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Blue Owl Capital to earn $1.71 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 86.5%.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $15.14 on Wednesday. The firm has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $15.31. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 9.40 and a beta of 0.86.

Analyst Upgrades and Downgrades

Several research firms recently commented on OBDC. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Truist Financial cut their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.07.

Blue Owl Capital Company Profile

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.