Blue Owl Technology Finance Corp. (NYSE:OTF) Announces $0.05 Quarterly Dividend

Blue Owl Technology Finance Corp. (NYSE:OTFGet Free Report) declared a quarterly dividend on Monday, June 2nd. Investors of record on Monday, September 21st will be given a dividend of 0.05 per share on Tuesday, October 6th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, September 21st.

Blue Owl Technology Finance Price Performance

Shares of OTF opened at $10.61 on Friday. The firm’s 50 day simple moving average is $10.81 and its 200 day simple moving average is $11.11. The company has a market capitalization of $4.86 billion, a P/E ratio of 13.27 and a beta of -0.73. Blue Owl Technology Finance has a 1-year low of $9.75 and a 1-year high of $15.54.

Blue Owl Technology Finance (NYSE:OTFGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $338.03 million during the quarter. Blue Owl Technology Finance had a net margin of 28.69% and a return on equity of 7.17%. During the same period in the prior year, the firm earned $0.45 EPS. On average, equities analysts anticipate that Blue Owl Technology Finance will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new position in Blue Owl Technology Finance in the 1st quarter worth approximately $250,556,000. Bank of America Corp DE grew its position in shares of Blue Owl Technology Finance by 54.5% during the first quarter. Bank of America Corp DE now owns 1,098,349 shares of the company’s stock valued at $13,609,000 after purchasing an additional 387,404 shares in the last quarter. Orange County Employees Retirement System bought a new stake in shares of Blue Owl Technology Finance in the fourth quarter worth about $116,497,000. Laura & John Arnold Foundation bought a new stake in shares of Blue Owl Technology Finance in the second quarter worth about $12,420,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Blue Owl Technology Finance by 34.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 624,044 shares of the company’s stock worth $9,074,000 after buying an additional 159,060 shares in the last quarter.

About Blue Owl Technology Finance

(Get Free Report)

Blue Owl Technology Finance Corp. is a business development company that provides financing to technology-focused companies. The company primarily invests in privately held, middle-market businesses through loans and other debt investments, seeking to support companies with established operations, recurring revenue, and growth opportunities.

Its investment portfolio may include senior secured, unitranche, second-lien, and subordinated loans, as well as warrants or other equity-related investments.

Further Reading

Dividend History for Blue Owl Technology Finance (NYSE:OTF)

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