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

Blue Owl Capital Co. (NYSE:OBDC) announced a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.05 per share on Monday, March 17th. The ex-dividend date of this dividend is Friday, February 28th.

Blue Owl Capital has raised its dividend by an average of 5.6% per year 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 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

NYSE OBDC traded down $0.12 during trading on Thursday, reaching $15.53. 3,618,462 shares of the company traded hands, compared to its average volume of 2,973,565. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50 day moving average price is $15.10 and its two-hundred day moving average price is $14.97. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 9.64 and a beta of 0.83. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. As a group, analysts anticipate that Blue Owl Capital will post 1.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on OBDC. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. 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 report on Tuesday, October 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, JMP Securities boosted their price objective on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.