Blue Owl Capital Co. (OBDC) to Issue Dividend of $0.05 on March 17th

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

Blue Owl Capital has raised its dividend payment by an average of 5.6% annually over the last three years. Blue Owl Capital has a dividend payout ratio of 91.9% 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 $1.71 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

OBDC opened at $15.35 on Wednesday. The company’s 50-day simple moving average is $15.12 and its two-hundred day simple moving average is $15.00. Blue Owl Capital has a 52-week low of $13.98 and a 52-week high of $16.91. The stock has a market capitalization of $5.99 billion, a P/E ratio of 10.02 and a beta of 0.83. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.08.

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.