Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.23 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, August 13th.
Blue Owl Capital has a dividend payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Blue Owl Capital to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 92.9%.
Blue Owl Capital Stock Performance
Blue Owl Capital stock opened at $11.69 on Tuesday. Blue Owl Capital has a one year low of $7.95 and a one year high of $20.58. The stock has a market cap of $18.23 billion, a PE ratio of 97.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The stock has a fifty day moving average of $9.67 and a 200 day moving average of $10.18.
About Blue Owl Capital
Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.
Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.
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