Blue Owl Technology Finance Corp. (NYSE:OTF – Get Free Report) declared a quarterly dividend on Monday, June 2nd. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.05 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 22nd.
Blue Owl Technology Finance Price Performance
Shares of OTF stock opened at $10.65 on Friday. The company has a market capitalization of $4.93 billion and a price-to-earnings ratio of 11.84. Blue Owl Technology Finance has a 1 year low of $10.48 and a 1 year high of $16.10. The business’s fifty day moving average is $11.16.
Blue Owl Technology Finance (NYSE:OTF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $222.12 million for the quarter. Blue Owl Technology Finance had a net margin of 32.78% and a return on equity of 7.43%. During the same period in the prior year, the company earned $0.41 earnings per share. As a group, equities analysts anticipate that Blue Owl Technology Finance will post 1.26 EPS for the current fiscal year.
About Blue Owl Technology Finance
Blue Owl Technology Finance (NYSE: OTF) is a publicly traded business development company (BDC) sponsored by alternative asset manager Blue Owl. The firm focuses on providing customized debt and structured capital solutions to technology and technology-enabled companies, with an emphasis on growth-stage and middle-market borrowers. As a BDC, its primary activities include originating, structuring and managing private credit investments tailored to the financing needs of fast-growing businesses.
Its investment approach typically centers on direct lending and credit-oriented products, including senior secured loans, unitranche and subordinated debt, as well as selective equity-linked instruments and structured financings.
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