Blue Owl Capital Inc. (NYSE:OWL) to Issue Quarterly Dividend of $0.23

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Blue Owl Capital Inc. (NYSE:OWL - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Thursday, August 14th will be paid a dividend of 0.225 per share on Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, August 14th.

Blue Owl Capital has a payout ratio of 85.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Blue Owl Capital to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 79.6%.

Blue Owl Capital Stock Down 2.6%

NYSE:OWL traded down $0.51 during trading hours on Friday, reaching $18.84. 12,141,845 shares of the company's stock were exchanged, compared to its average volume of 6,690,221. The company has a market capitalization of $28.97 billion, a P/E ratio of 209.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73. The business's 50-day simple moving average is $19.27 and its two-hundred day simple moving average is $20.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. The business had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.90%. As a group, sell-side analysts anticipate that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.