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

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 paid a dividend of 0.05 per share on Monday, March 17th. The ex-dividend date of this dividend is Friday, February 28th.

Blue Owl Capital has increased its dividend payment by an average of 5.6% per year over the last three years. Blue Owl Capital has a payout ratio of 96.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Trading Down 0.7 %

Shares of OBDC stock traded down $0.12 on Thursday, hitting $15.53. 3,618,462 shares of the stock traded hands, compared to its average volume of 2,973,565. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91. The firm’s 50-day moving average price is $15.10 and its two-hundred day moving average price is $14.97. The stock has a market capitalization of $6.06 billion, a PE ratio of 9.64 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. As a group, analysts anticipate that Blue Owl Capital will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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