Why BDC Dividend Cuts Matter Less Than You Think

System-wide BDC dividend cuts are highly likely as base dividend coverage averages 99% and growth is constrained. As a result, many BDC investors have decided to sit on the sidelines until the expected dividend cuts materialize. The idea is that a cut will lead to a negative share price reaction and thus provide a better opportunity to buy at a bargain price.

Seeking Alpha • 11 hours ago

This Major Market Rotation Just Handed Dividend Investors A Huge Gift

This Major Market Rotation Just Handed Dividend Investors A Huge Gift

Seeking Alpha • Feb 23, 2026

The ABCs Of BDC Risk

There are multiple risks for your BDC investments now and three that specifically create risk for certain BDCs. Business development companies offer high yields but carry significant, often misunderstood risks, especially in falling interest rate environments. Volatile interest rates can damage BDC profitability and distributable income, causing dividend cuts and share price declines.

Seeking Alpha • Feb 23, 2026

Business development companies' stocks have fallen. Some look attractive for the right type of investor.

Because of Blue Owl, concerns over private BDCs have spilled over to push down prices of publicly traded BDCs — many of which trade at large discounts to their reported asset valuations.

Market Watch • Feb 20, 2026

Blue Owl Capital Corporation (OBDC) Q4 2025 Earnings Call Transcript

Blue Owl Capital Corporation (OBDC) Q4 2025 Earnings Call Transcript

Seeking Alpha • Feb 19, 2026

Blue Owl Capital Q4 Earnings Beat on Rising Net Investment Income

OBDC's Q4 EPS beat estimates as investment income climbs, but higher expenses and a YoY profit drop temper the upbeat quarter.

Zacks Investment Research • Feb 19, 2026

Blue Owl Capital Corporation (OBDC) Tops Q4 Earnings and Revenue Estimates

Blue Owl Capital Corporation (OBDC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.47 per share a year ago.

Zacks Investment Research • Feb 18, 2026

Blue Owl Capital Corporation (OBDC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Blue Owl Capital Corporation (OBDC) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research • Feb 19, 2026

Certain Blue Owl BDCs to Sell $1.4 Billion of Assets to Institutional Investors

Investments sold at fair value, representing 99.7% of par value Transaction provides significant return of capital distribution to OBDC II shareholders NEW YORK, Feb. 18, 2026 /PRNewswire/ -- Certain Blue Owl BDCs today announced that they have entered into separate definitive agreements with four leading North American public pension and insurance investors to opportunistically sell $1.4 billion of direct lending investments at 99.7% of par value as of February 12, 2026. "We saw strong demand to purchase these investments at fair value from highly sophisticated institutional investors, with interest far exceeding the value of the investments we ultimately chose to sell," said Craig W.

PRNewsWire • Feb 18, 2026

Blue Owl Capital Corporation Announces December 31, 2025 Financial Results

NEW YORK, Feb. 18, 2026 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC" or the "Company") today announced financial results for its fourth quarter and year ended December 31, 2025. FOURTH QUARTER 2025 HIGHLIGHTS  Fourth quarter GAAP net investment income ("NII") per share of $0.38 Fourth quarter adjusted NII per share(1) of $0.36, consistent with the prior quarter of $0.36 Dividends declared for the fourth quarter were $0.37 per share, representing an annualized dividend yield of 10.0%(2) Net asset value ("NAV") per share of $14.81, as compared with $14.89 as of September 30, 2025, driven primarily by credit-related markdowns on a small number of names, partially offset by accretive share repurchases New investment commitments for the fourth quarter were $684 million and sales and repayments were $1.4 billion, as compared with $1.3 billion of new investment commitments and $797 million of sales and repayments for the three months ended September 30, 2025 Investments on non-accrual represented 2.3% and 1.1% of the portfolio at cost and fair value, respectively, as compared with 2.7% and 1.3% as of September 30, 2025 OBDC repurchased approximately $148 million of OBDC common stock at 86% price-to-book value The Board of Directors (the "Board") approved a new $300 million share repurchase program, replacing the prior $200 million authorization In January 2026, received Moody's upgrade to Baa2 given view on credit profile and liability management Announced today that OBDC and certain other Blue Owl BDCs entered into agreements to sell $1.4 billion of investments to institutional investors, including $400 million of investments from OBDC "OBDC closed the year with strong fourth quarter earnings and credit performance, reflecting the health of our borrowers and our defensive, senior secured strategy focused on the upper middle market," said Craig W.

PRNewsWire • Feb 18, 2026