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

Blue Owl Capital Co. (NYSE:OBDC) declared a dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Friday, November 29th will be given 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 dividend payout ratio of 86.5% meaning 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

Shares of Blue Owl Capital stock opened at $15.14 on Thursday. The stock has a market cap of $5.91 billion, a P/E ratio of 9.40 and a beta of 0.86. 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 fifty day moving average is $14.93 and its 200 day moving average is $15.30. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of analyst reports. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Wells Fargo & Company increased their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Truist Financial lowered their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.07.

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.