Blue Owl Capital Co. (OBDC) to Issue Dividend of $0.05 on December 13th

Blue Owl Capital Co. (NYSE:OBDC) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors 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 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 decline. 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 Down 2.0 %

Shares of NYSE:OBDC opened at $14.83 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $15.41. The company has a market capitalization of $5.79 billion, a PE ratio of 8.28 and a beta of 0.86. Blue Owl Capital has a twelve month low of $13.84 and a twelve month high of $16.91.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Monday, August 12th. Finally, Wells Fargo & Company boosted 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. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Insider Transactions at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.