ARCC - Why I Am Buying Blue Owl Capital At 1-Year Highs
2024-05-26 05:38:31 ET
Summary
- Blue Owl Capital's shares reached a 1-year high last week.
- The BDC's non-accrual percentage deteriorated in Q1'24, but the BDC supports its dividend with net investment income easily.
- Despite trading at a premium to NAV, Blue Owl Capital is a solid income play for dividend investors seeking recurring, high-quality dividends.
Shares of investment company Blue Owl Capital ( OBDC ) hit fresh 1-year highs last week as dividend investors continue to seek out high-quality BDC income plays with a reliable performance history. Blue Owl Capital’s non-accrual percentage increased quarter over quarter, yet the BDC supported its dividend with net investment income (including the payment of a non-regular $0.05 per-share dividend in Q1’24). Although shares of Blue Owl Capital now trade above the longer-term P/NAV ratio, I believe that OBDC is a solid BDC play for dividend investors seeking recurring, high-quality dividend income!...
Why I Am Buying Blue Owl Capital At 1-Year Highs