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

Blue Owl Capital Co. (NYSE:OBDC) declared a dividend on Wednesday, February 19th, NASDAQ Dividends reports. Investors of record on Friday, February 28th will be paid 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 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 decline. 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 Down 0.7 %

Shares of NYSE:OBDC traded down $0.12 during trading hours on Thursday, reaching $15.53. The stock had a trading volume of 3,618,462 shares, compared to its average volume of 2,973,565. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 9.64 and a beta of 0.83. 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 firm’s 50 day moving average is $15.10 and its 200-day moving average is $14.97.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS 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%. Research analysts predict that Blue Owl Capital will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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