OBDC Cuts Quarterly Dividend 93.55% to $0.02 Per Share

Blue Owl Capital Corporation (OBDC) has announced a significant reduction in its quarterly dividend. The new payment of $0.0200 per share represents a 93.55% decrease from the previous $0.3100, with an ex-dividend date of August 31, 2026. This marks a sharp reversal for the company, which had been paying $0.37 per share for several quarters before a slight reduction to $0.31 in June 2026.

The numbers

According to the payment history, recent quarterly dividends were $0.02 on Aug. 29, 2025, $0.37 on Sep. 30, 2025, $0.37 on Dec. 31, 2025, $0.37 on Mar. 31, 2026, and $0.31 on Jun. 30, 2026. The new $0.02 payment brings the trailing twelve-month (TTM) dividend per share to $1.4400, resulting in a TTM yield of 12.49% at the current price of $11.53. Despite the high yield, the company has not increased its dividend over the past five years, with a 5-year CAGR of 0.0% and zero consecutive years of increases.

What it means for income investors

For investors holding 100 shares, the new quarterly payment implies an annualized dividend of $8.00 (100 shares × $0.02 × 4 quarters), a substantial drop from the previous annualized rate of $124.00 (100 shares × $0.31 × 4 quarters). This cut may signal a shift in the company's payout policy, but the TTM yield remains elevated due to the recent higher payments. Investors should review the full dividend history for context.

Reporting based on: DividendSmart market data. Figures verified against market data where available.