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. 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 is Friday, February 28th.

Blue Owl Capital has increased its dividend by an average of 5.6% annually over the last three years. Blue Owl Capital has a 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 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 Stock Performance

Shares of OBDC opened at $15.53 on Friday. The company’s fifty day moving average is $15.11 and its 200-day moving average is $14.98. Blue Owl Capital has a 12 month low of $13.98 and a 12 month high of $16.91. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 10.15 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly 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. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.36%. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Equities analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OBDC shares. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, JMP Securities lifted their target price on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.