Blue Owl Capital A Aktie

Blue Owl Capital Corporation is the second-largest BDC, known for its dividend payments and income-focused strategy, but currently appears fairly valued with limited upside. OBDC's portfolio, heavily invested in senior secured loans with floating rates, has shown strong risk management but may face dividend yield pressure due to potential Fed rate cuts. The company's focus on upper middle market clients results in lower coupons compared to lenders to the core middle market.» Mehr auf seekingalpha.com

NEW YORK , May 7, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC" or the "Company") today announced financial results for its first quarter ended March 31, 2025. FIRST QUARTER 2025 HIGHLIGHTS  First quarter GAAP net investment income ("NII") per share of $0.41 First quarter adjusted NII per share of $0.39, as compared with $0.47 as of December 31, 2024 Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a first quarter supplemental dividend of $0.01 per share Dividends declared in the first quarter totaled $0.38 per share, representing an annualized dividend yield of 10.0% based on first quarter net asset value ("NAV") per share NAV per share of $15.14, as compared with $15.26 as of December 31, 2024, driven primarily by changes in credit spreads and write-downs on a small number of names, partially offset by over-earning of the base dividend New investment commitments for the first quarter totaled $1.2 billion (1) and $1.1 billion (1) of sales and repayments, as compared with $1.7 billion of new investment commitments and $1.6 billion of sales and repayments for the three months ended December 31, 2024 Investments on non-accrual represented 0.8% of the portfolio at fair value, as compared with 0.4% as of December 31, 2024 "OBDC's first quarter results reflect a solid start to the year, delivering a 10.2% annualized return on equity(2), supported by the continued resilience and quality of our portfolio," commented Craig W.» Mehr auf prnewswire.com

OBDC is attractive due to its resilient middle-market focus, first-lien focus, and manageable non-accruals. OBDC's merger with OBDE improved portfolio strength, reduced non-accruals to 0.3%, and increased exposure to secured debt investments, enhancing resilience. OBDC's diversified portfolio and solid financial performance, with a median EBITDA of $119 million, demonstrate its stability and quality amid economic challenges.» Mehr auf seekingalpha.com