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Dec 31, 2023
Blue Owl Q4 2023 Earnings Report
Blue Owl reported record NII for the fourth consecutive quarter and achieved its highest NAV per share since inception in Q4 2023.
Key Takeaways
Blue Owl Capital Corporation reported fourth quarter net investment income of $0.51 per share and a net asset value of $15.45 per share. The company's strong earnings resulted in a record 13.2% ROE for the quarter, translating to an annual ROE of 12.7%.
Fourth quarter net investment income per share was $0.51, marking the fourth consecutive quarter of record NII.
A fourth quarter supplemental dividend of $0.08 per share was declared.
Total dividends for the fourth quarter were $0.43 per share, representing an approximately 11% annualized yield based on fourth quarter net asset value per share.
NAV per share increased to $15.45 compared to $15.40 as of September 30, 2023.
Forward Guidance
First quarter 2024 dividend of $0.37 per share was declared.
Positive Outlook
- Increased quarterly dividend by $0.02 to $0.37 per share for the first quarter 2024.
- Marking the third dividend increase since the fourth quarter 2022.
- This represents an approximately 11% annualized yield based on fourth quarter net asset value.
- The company’s Board of Directors has declared a first quarter 2024 dividend of $0.37 per share for stockholders of record as of March 29, 2024.
- Payable on or before April 15, 2024 and a fourth quarter 2023 supplemental dividend of $0.08 per share for stockholders of record as of March 1, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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