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

Blue Owl Capital Co. (NYSE:OBDC) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.05 per share on Friday, December 13th. The ex-dividend date of this dividend is Friday, November 29th.

Blue Owl Capital has raised its dividend payment 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 fall. Equities research 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 Performance

Shares of OBDC stock traded down $0.29 on Thursday, reaching $14.83. The stock had a trading volume of 2,528,101 shares, compared to its average volume of 1,954,210. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital has a 12 month low of $13.84 and a 12 month high of $16.91. The firm’s 50-day moving average is $14.90 and its two-hundred day moving average is $15.41. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 8.45 and a beta of 0.86.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on OBDC shares. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Keefe, Bruyette & Woods cut their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. Truist Financial dropped their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Insider Buying and Selling

In related news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the purchase, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

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.