Why I Am Buying Blue Owl Capital At 1-Year Highs
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.
Blue Owl Capital: Valuation Beginning To Reflect Reality
Blue Owl Capital delivered a +3.1% total NAV return in Q1, extending its strong performance. OBDC's portfolio targets borrowers in the upper middle-market space, with top sectors including software, insurance, and food/beverage. Net income fell moderately on the back of portfolio repositioning and a non-repeatable interest expense.
Smart Retirement: 8.9% Income From Blue Owl Capital
Earning a premium status comes with many benefits. Investors are starting to wake up to Blue Owl's quality. We keep on collecting outstanding income.
