Why I Am Buying Blue Owl Capital At 1-Year Highs

PM Images Shares of investment company Blue Owl Capital (NYSE:OBDC) hit fresh 1-year highs last week as dividend investors continue to seek out high-quality BDC income plays with a reliable performance history. Blue Owl Capital's non-accrual percentage increased quarter over quarter, yet the BDC supported its dividend with net investment income (including the payment of a non-regular $0.05 per-share dividend in Q1'24). Although shares of Blue Owl Capital now trade above the longer-term P/NAV ratio, I believ ...