Blue Owl Capital Co. (OBDC) to Issue Dividend of $0.05 on June 14th

Blue Owl Capital Co. (NYSE:OBDCGet Free Report) declared a dividend on Wednesday, May 29th, reports. Investors of record on Monday, June 3rd will be given a dividend of 0.05 per share on Friday, June 14th. This represents a dividend yield of 10%. The ex-dividend date is Friday, May 31st.

Blue Owl Capital has a dividend payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Blue Owl Capital to earn $1.77 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 83.6%.

Blue Owl Capital Stock Up 0.3 %

Shares of NYSE:OBDC traded up $0.06 during trading on Wednesday, hitting $16.64. The company’s stock had a trading volume of 1,230,270 shares, compared to its average volume of 1,993,060. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. Blue Owl Capital has a fifty-two week low of $12.99 and a fifty-two week high of $16.70. The stock’s 50-day moving average price is $15.89 and its two-hundred day moving average price is $15.26. The company has a market capitalization of $6.48 billion, a PE ratio of 8.40 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDCGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $399.58 million during the quarter, compared to the consensus estimate of $399.16 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. As a group, sell-side analysts expect that Blue Owl Capital will post 1.88 EPS for the current year.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on OBDC. Hovde Group boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Truist Financial boosted their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Royal Bank of Canada boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.19.

Read Our Latest Research Report on OBDC

About Blue Owl Capital

(Get Free Report)

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.

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Dividend History for Blue Owl Capital (NYSE:OBDC)

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