Blue Owl Capital Co. (NYSE:OBDC – Get Free Report) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.06 per share on Friday, September 13th. This represents a $0.24 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05.
Blue Owl Capital has increased its dividend payment by an average of 2.6% annually over the last three years. Blue Owl Capital has a payout ratio of 83.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Blue Owl Capital to earn $1.79 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 82.7%.
Blue Owl Capital Price Performance
Shares of Blue Owl Capital stock opened at $15.11 on Wednesday. Blue Owl Capital has a twelve month low of $12.99 and a twelve month high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The company has a 50-day simple moving average of $15.22 and a two-hundred day simple moving average of $15.53. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 7.63 and a beta of 0.87.
Wall Street Analysts Forecast Growth
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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.
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