Blue Owl Capital Co. III (NYSE:OBDE) Announces $0.35 Quarterly Dividend

Blue Owl Capital Co. III (NYSE:OBDE) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.35 per share on Monday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, June 28th.

Blue Owl Capital Co. III Stock Performance

Shares of Blue Owl Capital Co. III stock traded up $0.14 during trading on Friday, hitting $15.93. 6,300 shares of the stock were exchanged, compared to its average volume of 42,379. The company has a fifty day moving average of $15.24. The stock has a market cap of $1.96 billion and a PE ratio of 6.37. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92. Blue Owl Capital Co. III has a 12 month low of $14.23 and a 12 month high of $16.80.

Blue Owl Capital Co. III (NYSE:OBDE) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.58 earnings per share for the quarter. Blue Owl Capital Co. III had a net margin of 67.44% and a return on equity of 14.48%. The company had revenue of $111.54 million during the quarter. Sell-side analysts anticipate that Blue Owl Capital Co. III will post 1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer began coverage on shares of Blue Owl Capital Co. III in a research report on Wednesday, April 17th. They issued an “outperform” rating and a $16.00 price target for the company.

Blue Owl Capital Co. III Company Profile

Blue Owl Capital Corporation is a specialty finance company focused on lending to U.S. middle-market companies. Blue Owl Capital Corporation is based in NEW YORK.