Business
Blue Owl Capital Corporation Reports Full Year Results and Fourth Quarter Net Investment Income Per Share of $0.47 and Net Asset Value Per Share of $15.26
Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its full year and fourth quarter ended December 31, 2024.
About this update from Blue Owl Capital Corporation
[{"type":"text","content":"NEW YORK, Feb. 19, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its full year and fourth quarter ended December 31, 2024.","length":210,"tagName":"p"},{"type":"text","content":"FOURTH QUARTER 2024 HIGHLIGHTS","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth quarter net investment income ("NII") per share of $0.47, in-line with the prior quarter and exceeding the regular dividend by 27%","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a fourth quarter supplemental dividend of $0.05 per share","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Total dividends for the fourth quarter were $0.42 per share, representing an annualized dividend yield of 11.0% based on fourth quarter net asset value ("NAV") per share","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"NAV per share of $15.26, as compared with $15.28 as of September 30, 2024, driven by unrealized losses from credit marks in the portfolio, partially offset by over-earning of the base dividend","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"New investment commitments for the fourth quarter totaled $1.7 billion, offset by $1.6 billion of sales and repayments, as compared with $1.2 billion of new investment commitments and $1.1 billion of sales and repayments for the three months ended September 30, 2024. The weighted average total yield of debt and income producing investments was 11.1% at fair value","length":365,"tagName":"p"}]},{"val":[{"type":"text","content":"Investments on non-accrual decreased to 0.4% of the portfolio at fair value, as compared with 0.6% as of September 30, 2024","length":123,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1172,"olType":false},{"type":"text","content":""Our fourth quarter results concluded another strong year for OBDC, delivering a 12.4% annualized return on equity, supported by continued strong portfolio performance and robust origination activity," commented Craig W. Packer, Chief Executive Officer. "Our portfolio has demonstrated resilience and stable credit quality over the past year, and...