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

Key Points

• Blue Owl Technology Finance declared a quarterly dividend of $0.05 per share, payable October 6 to shareholders of record September 21. The dividend implies an annualized yield of approximately 1.9%.
• The company reported quarterly EPS of $0.33, exceeding analyst expectations of $0.31, on revenue of $338.03 million. However, EPS declined from $0.45 in the same quarter a year earlier.
• OTF shares were trading at $10.61, down 2.3%, with a market capitalization of $4.86 billion and a 12-month trading range of $9.75 to $15.54.

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

Blue Owl Technology Finance Trading Down 2.3%

NYSE OTF opened at $10.61 on Friday. The business has a fifty day simple moving average of $10.81 and a 200 day simple moving average of $11.11. Blue Owl Technology Finance has a 12 month low of $9.75 and a 12 month high of $15.54. The firm 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 (NYSE:OTF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Blue Owl Technology Finance had a net margin of 28.69% and a return on equity of 7.17%. The company had revenue of $338.03 million during the quarter. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts predict that Blue Owl Technology Finance will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Technology Finance

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC bought a new stake in shares of Blue Owl Technology Finance in the fourth quarter valued at $124,000. Abel Hall LLC bought a new stake in Blue Owl Technology Finance in the 1st quarter valued at about $124,000. Integrity Financial Corp WA purchased a new stake in Blue Owl Technology Finance during the second quarter valued at about $123,000. Keybank National Association OH bought a new position in Blue Owl Technology Finance in the 1st quarter worth approximately $148,000. Finally, Americana Partners LLC purchased a new position in Blue Owl Technology Finance in the 4th quarter valued at approximately $174,000.

Blue Owl Technology Finance Company Profile

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.

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