Blue Owl Capital Co. (OBDC) To Go Ex-Dividend on March 31st

Blue Owl Capital Co. (NYSE:OBDC) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.37 per share on Tuesday, April 15th. This represents a $1.48 annualized dividend and a yield of 9.59%. The ex-dividend date of this dividend is Monday, March 31st.

Blue Owl Capital has increased its dividend by an average of 5.6% annually over the last three years. Blue Owl Capital has a dividend payout ratio of 96.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Stock Down 0.6 %

Shares of NYSE OBDC opened at $15.44 on Friday. Blue Owl Capital has a 52 week low of $13.98 and a 52 week high of $16.91. The business has a 50-day simple moving average of $15.11 and a two-hundred day simple moving average of $14.99. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The company has a market cap of $6.02 billion, a P/E ratio of 10.09 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Research analysts anticipate that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities raised their price objective on Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.08.

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.