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Blue Owl Capital III reported a strong performance in the first quarter of 2024 with a net investment income per share of $0.39, exceeding the regular dividend of $0.35 per share. The company achieved a 10.5% annualized dividend yield based on the net asset value per share, which increased to $15.65. The Board declared a second quarter dividend of $0.35 per share and five special dividends of $0.06 per share. The company made significant progress towards its target leverage range and aims to provide sustained returns to its shareholders. Portfolio and investing activity showed new investment commitments of $736.4 million across 43 new portfolio companies and 14 existing portfolio companies. The company had investments in 188 portfolio companies with an aggregate fair value of $4.0 billion. Investment income increased to $113.4 million, while total expenses increased to $64.7 million due to various factors. The company had $140.2 million in cash and $2.2 billion in total principal value of debt outstanding as of March 31, 2024.
Blue Owl Capital reported a strong first quarter with net investment income per share of $0.47, exceeding dividends by 25%. The NAV per share increased to $15.47, the highest since inception. The company declared a first quarter supplemental dividend of $0.05 per share. The Board approved a 2024 Repurchase Program of up to $150 million. Investment income increased to $399.6 million, expenses rose to $211.6 million, and liquidity stood at $742.8 million in cash.
Blue Owl Capital Inc. (NYSE:OWL) reported strong financial results for the first quarter of 2024, highlighted by consistent growth in management fees and expanding investment solutions. The company declared a quarterly dividend of $0.18 per Class A Share and announced two accretive transactions to enhance insurance asset management and real estate credit capabilities. Investors showed significant interest in Blue Owl's strategies, reflecting a positive outlook for future growth.
