Blue Owl Capital Inc. (NYSE:OWL – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.23 per share on Monday, November 23rd. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Tuesday, November 10th.
Blue Owl Capital has a 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. Equities research analysts expect Blue Owl Capital to earn $0.98 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 93.9%.
Blue Owl Capital Price Performance
Shares of NYSE OWL opened at $9.82 on Friday. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 70.17, a PEG ratio of 1.10 and a beta of 1.31. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $17.00. The firm’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $10.23.
Blue Owl Capital (NYSE:OWL – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. The firm had revenue of $752.60 million during the quarter, compared to analyst estimates of $698.10 million. Analysts anticipate that Blue Owl Capital will post 0.89 earnings per share for the current fiscal year.
About Blue Owl Capital
Blue Owl Capital Inc is an alternative asset manager that provides private-market investment strategies and capital solutions to institutional and individual investors. Its businesses span private credit, GP strategic capital and real assets.
Through its credit platform, the company provides financing to businesses, including middle-market companies. Its GP strategic capital business invests in and provides financing to alternative asset managers, while its real assets platform focuses on areas such as real estate and infrastructure.
Blue Owl was formed in 2021 through the combination of Owl Rock Capital Group and Dyal Capital Partners.
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