Blue Owl CapitalNYSE: OWL

Blue Owl Capital comfortably covered its $0.37 base dividend with net investment income in 3Q24 and paid a $0.05 supplemental dividend, reflecting a stable payout ratio. The BDC's portfolio quality improved significantly, with the non-accrual ratio dropping to 0.7%, enhancing its investment appeal. Despite potential yield compression due to central bank rate cuts, Blue Owl Capital's 11% dividend yield remains safe and attractive for passive income investors.

Marc Lipschultz, Blue Owl Capital co-CEO, joins 'Money Movers' to discuss how Lipschultz' outlook has changed under a Trump administration, the co-CEO's views on going public, and much more.

Blue Owl Capital Corp. is a specialty finance company with a strong portfolio of floating-rate debt investments, which has performed well in a rising rate environment. Despite expected earnings pressure from lower rates, OBDC's well-covered 11%-plus dividend and low non-accrual rate make it an attractive investment. OBDC's upcoming merger with Blue Owl Capital Corp. III is anticipated to enhance debt access, operational efficiencies, and NII earnings.

Blue Owl Capital Corporation offers a compelling 12% dividend yield with strong coverage and trades below net asset value, making it an attractive income pick. The company primarily invests in low-risk, floating-rate, senior-secured debt, with a well-diversified portfolio across over 200 companies and 30 industries. Internal risk ratings have improved, with over 90% of investments in top performance categories, indicating a positive trend in portfolio quality.

Blue Owl Capital Corporation (NYSE:OBDC ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Mike Mosticchio - Head of BDC Investor Relations Craig Packer - Chief Executive Officer Logan Nicholson - President Jonathan Lamm - Chief Financial Officer and Chief Operating Officer Conference Call Participants Brian McKenna - Citizens JMP Securities LLC Casey Alexander - Compass Point Research & Trading Mickey Schleien - Ladenburg Thalmann & Co. Inc. Robert Dodd - Raymond James & Associates, Inc. Finian O'Shea - Wells Fargo Securities Operator Good morning, everyone, and welcome to Blue Owl Capital Corporation's Third Quarter 2024 Earnings Call. As a reminder, this call is being recorded.

Blue Owl Capital Inc. (OWL) came out with quarterly earnings of $0.20 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Eldridge Industries today announced the acquisition of a 10% interest from Blue Owl GP Stakes Fund III. This innovative structure provides liquidity and unlocks value for Blue Owl GP Stakes Fund III investors while establishing Eldridge Industries as a leading provider of GP solutions. Terms of the transaction were not disclosed. Blue Owl GP Stakes Fund III is a passive minority investment vehicle that holds stakes in industry-leading private equity firms. The fund pr.

Blue Owl is a rapidly expanding private equity firm with a diversified investment strategy across credit, GP strategic capital, and real estate. Blue Owl's investment process is rigorous and repeatable. The company applies the same proven methodology to each potential deal. Recent joint ventures and acquisitions in digital infrastructure highlight a strategic expansion into this fast-growing and lucrative market segment.

Blue Owl Capital Corp. dipped post-Q2 earnings, but the 11.6% yield remains appealing. The merger with Blue Owl Capital Corp. III will provide scale, cost synergies, and a lower non-accrual rate, boosting net investment income over time. Investors should capitalize on the current stock weakness to secure the attractive 11%+ yield, with the merger expected to enhance long-term value.