Blue Owl Capital Corporation (OBDC) To Go Ex-Dividend on June 30th

Blue Owl Capital Corporation (NYSE:OBDC) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.31 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Tuesday, June 30th.

Blue Owl Capital has a payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Blue Owl Capital to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 96.1%.

Blue Owl Capital Stock Up 1.4%

Shares of OBDC opened at $10.82 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital has a 12 month low of $10.52 and a 12 month high of $15.19. The firm’s 50 day moving average is $11.20 and its 200-day moving average is $11.64. The stock has a market capitalization of $5.37 billion, a PE ratio of 15.46 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. The company had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Equities research analysts forecast that Blue Owl Capital will post 1.27 EPS for the current year.

Analysts Set New Price Targets

OBDC has been the topic of several analyst reports. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial dropped their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Finally, Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $13.00.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.