Blue Owl Technology Finance Corp. (NYSE:OTF) Shareholders to Receive $0.35 Quarterly Dividend

Blue Owl Technology Finance Corp. (NYSE:OTF) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.35 per share on Friday, January 15th. This represents a $1.40 annualized dividend and a dividend yield of 14.3%. The ex-dividend date of this dividend is Thursday, December 31st.

Blue Owl Technology Finance Trading Up 1.9%

OTF opened at $9.81 on Thursday. The company has a fifty day simple moving average of $10.07 and a 200 day simple moving average of $11.10. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 12.27 and a beta of -0.54. Blue Owl Technology Finance has a twelve month low of $8.76 and a twelve month high of $15.00.

Blue Owl Technology Finance (NYSE:OTF) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Blue Owl Technology Finance had a return on equity of 7.17% and a net margin of 28.69%. The firm had revenue of $341.29 million for the quarter. During the same quarter last year, the business earned $0.32 earnings per share. On average, analysts forecast that Blue Owl Technology Finance will post 1.25 earnings per share for the current fiscal year.

Blue Owl Technology Finance Company Profile

Blue Owl Technology Finance (NYSE: OTF) is a business development company that provides financing to technology-related businesses. The company primarily invests in senior secured loans and other debt investments, with a focus on companies operating in technology and technology-enabled industries.

Its portfolio may also include subordinated debt, equity investments and other securities, allowing it to support businesses at various stages of development. Blue Owl Technology Finance generally works with private, middle-market companies seeking capital for growth, acquisitions, recapitalizations and other corporate purposes.

The company is externally managed by an affiliate of Blue Owl Capital, an alternative asset manager.