SmarterDividends
OBDC

Blue Owl Capital Corporation

OBDC

Financial Services · Asset Management · Stock · quarterly payer

$10.11

Undervalued · +27% Add to Portfolio

Forward Yield

12.27%

Annual Dividend

$1.24

Payout Ratio

257%

5-Yr Growth

-10.6%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about OBDC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Blue Owl Capital Corporation (OBDC) has a forward dividend yield of 12.27%, based on an annual dividend of $1.24 per share and a share price of $10.11.
  • As of Oct 18, 2026, OBDC's dividend safety grade from SmarterDividends is D (44 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, Blue Owl Capital Corporation (OBDC) has raised its dividend for 2 consecutive years as of Oct 18, 2026.
  • OBDC last cut its regular dividend in 2025.
  • OBDC's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.31 per share.
  • As of Oct 18, 2026, OBDC pays out 257% of its trailing 12-month earnings as dividends (its payout ratio).
  • OBDC's dividend has shrunk at an average rate of 10.6% a year over the past five years.
  • As of Oct 18, 2026, OBDC's 12.27% yield is 17% above its five-year average yield of 10.52%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for OBDC is $12.87 per share, 27% above the $10.11 share price, so OBDC screens as undervalued.
  • Blue Owl Capital Corporation (OBDC) pays its dividend quarterly, 4 times a year.
  • Blue Owl Capital Corporation (OBDC) has raised its regular dividend 5 times and cut it 2 times across the 42 payments on record since 2019. Its most recent change was a 16.2% cut to $0.310 per share, going ex-dividend on Jun 30, 2026.
Cite this page

SmarterDividends, "OBDC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/OBDC

Summary

As of Oct 18, 2026, Blue Owl Capital Corporation (OBDC) yields 12.27% ($1.24 a year per share), has a dividend safety grade of D (44/100) and has 2 consecutive years of dividend increases on record.

Is OBDC a good dividend stock?

Mixed

Blue Owl Capital Corporation (OBDC) pays a quarterly dividend yielding 12.27% ($1.24/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2025
    • Elevated payout ratio (257%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    12.27%
    Payout Ratio
    257%
    Annual Dividend
    $1.24
    5-Yr Avg Growth
    -10.6%
    Ex-Dividend Date
    Sep 30, 2026
    Years of Growth
    2
    Frequency
    quarterly
    Beta
    0.69
    Market Cap
    $5.0B
    P/E Ratio
    18.1
    5-Yr Total Return
    -27%
    52-Week Range
    $9.82 – $13.58
    Dividend Safety
    D · 44/100
    Ever Cut?
    Yes (2025)

    OBDC dividend raises and cuts

    Blue Owl Capital Corporation (OBDC) has raised its regular dividend 5 times and cut it 2 times across the 42 payments on record since 2019. Its most recent change was a 16.2% cut to $0.310 per share, going ex-dividend on Jun 30, 2026.

    Ex-dateChangeOld → newMove
    Jun 30, 2026Cut$0.370 → $0.310−16.2%
    Mar 27, 2024Raise$0.350 → $0.370+5.7%
    Dec 28, 2023Raise$0.330 → $0.350+6.1%
    Dec 29, 2022Raise$0.310 → $0.330+6.5%
    Mar 30, 2021Cut$0.390 → $0.310−20.5%
    Mar 30, 2020Raise$0.350 → $0.390+11.4%
    Dec 30, 2019Raise$0.330 → $0.350+6.1%
    Every OBDC payment →Download every raise and cut (CSV)
    OBDC ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →OBDC dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is OBDC a good dividend stock?

    Mixed. Blue Owl Capital Corporation (OBDC) pays a quarterly dividend yielding 12.27% ($1.24/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is OBDC undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OBDC's fair value is about $12.87 versus a $10.11 share price — so it looks undervalued (+27% vs. fair value).

    Is OBDC's dividend safe?

    OBDC has a dividend-safety grade of D (44/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is OBDC's fair value?

    Our blended fair-value estimate for OBDC is about $12.87 per share, roughly 27% above the current $10.11 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is OBDC a buy, hold, or sell?

    We don't issue formal ratings, but on the data OBDC screens as "mixed" and undervalued. Blue Owl Capital Corporation (OBDC) pays a quarterly dividend yielding 12.27% ($1.24/yr), with 2 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will OBDC cut its dividend?

    OBDC earns a dividend-safety grade of D (44/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does OBDC pay a dividend?

    Yes. Blue Owl Capital Corporation pays a quarterly dividend of about $1.24 per share annually, a forward yield of roughly 12.27%.

    What is OBDC's dividend yield?

    As of Oct 18, 2026, OBDC's forward dividend yield is 12.27%, based on a $1.24 annual dividend and a $10.11 share price.

    What is OBDC's dividend per share?

    As of Oct 18, 2026, OBDC pays $1.24 per share per year, distributed on a quarterly basis.

    What is OBDC's dividend payout ratio?

    As of Oct 18, 2026, OBDC's payout ratio is 257% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has OBDC grown its dividend?

    As of Oct 18, 2026, OBDC has increased its dividend for 2 consecutive years.

    When is the next OBDC ex-dividend date?

    As of Oct 18, 2026, OBDC's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.31 per share.

    Income Calculator

    At $1.24 / yr per share

    Per payment (quarterly)$31.00
    Annual$124.00
    Monthly avg$10.33

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