Blue Owl Capital Co. III to Issue -- Dividend of $0.35 (NYSE:OBDE)

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) announced a -- dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.35 per share on Wednesday, January 15th. This represents a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, December 31st.

Blue Owl Capital Co. III Stock Performance

NYSE:OBDE traded down $0.06 during trading hours on Friday, hitting $14.63. 346,350 shares of the company traded hands, compared to its average volume of 203,145. Blue Owl Capital Co. III has a twelve month low of $13.60 and a twelve month high of $16.80. The stock has a market capitalization of $1.80 billion and a price-to-earnings ratio of 8.31. The firm has a 50-day moving average of $14.51 and a 200 day moving average of $14.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.27.

Blue Owl Capital Co. III (NYSE:OBDE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $123.18 million for the quarter, compared to analysts' expectations of $119.08 million. Blue Owl Capital Co. III had a return on equity of 11.51% and a net margin of 45.35%. On average, analysts forecast that Blue Owl Capital Co. III will post 1.61 EPS for the current year.

Insiders Place Their Bets

In other news, Director Victor Woolridge purchased 6,830 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $14.64 per share, for a total transaction of $99,991.20. Following the transaction, the director now directly owns 6,830 shares of the company's stock, valued at approximately $99,991.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Blue Owl Capital Co. III news, Director Melissa Weiler acquired 12,000 shares of Blue Owl Capital Co. III stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $14.34 per share, for a total transaction of $172,080.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $172,080. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Victor Woolridge bought 6,830 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $14.64 per share, with a total value of $99,991.20. Following the completion of the purchase, the director now directly owns 6,830 shares of the company's stock, valued at $99,991.20. The disclosure for this purchase can be found here. Company insiders own 90.80% of the company's stock.

About Blue Owl Capital Co. III

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.