2024-02-23 10:26:18 ET
Summary
- Blue Owl Capital is a unique alternative asset manager with a fee structure that allows for predictable earnings and dividend growth.
- The company has shown exceptional growth, particularly in its private credit segment, and is expected to continue growing its earnings by 15-20% per year.
- Despite a recent increase in stock price, Blue Owl still offers a high and growing dividend and trades at a discount compared to its peers.
Dear readers,
Blue Owl Capital ( OWL ) is a unique alternative asset manager designed to deliver predictable earnings regardless of market conditions. This is a result of predominantly permanent capital and a fee structure with a higher than usual fixed management fee and no performance fees (a.k.a. carry). The design, in contrast to peers such as Blackstone ( BX ), enables OWL to grow its fee-relates earnings (FRE) and dividends in a (more or less) straight line, which makes OWL one of the best dividend growth stocks in the market, in my opinion....
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For further details see:
Blue Owl Capital: Do Not Trim Just Yet