OBDC BDC — Blue Owl Capital Corporation
Blue Owl Capital Corporation (OBDC)
OBDC is a low-cost BDC. As of August 19, 2026, its distribution rate is 12.87%, its trailing-12-month yield is 12.62%. Dividend Vision Distribution Safety Score™ is 43/100 (Caution). Fund total return is 53.7% over the past 7.1 years, 130.7 points behind SPY at 184.4%.
At the current 12.87% distribution rate, a $10,000 investment would generate approximately $1,287 per year, or $107.25 per month on an equivalent basis. Actual quarterly payments vary.
OBDC dividend yield and income
Data as of August 19, 2026.
The distribution rate (12.87%) is the latest posted forward yield, paid quarterly. Trailing-12-month yield (12.62%) is the last year of payments divided by the current price. The last dividend was $0.3100. The last ex-dividend date was 08/31/2026. At 12.87%, $10,000 would generate about $1,287 a year ($107.25 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-06-30 | $0.31 | -16.2% |
| 2026-03-31 | $0.37 | 0.0% |
| 2025-12-31 | $0.37 | 0.0% |
| 2025-09-30 | $0.37 | 0.0% |
| 2025-08-29 | $0.02 | -66.7% |
| 2025-06-30 | $0.37 | 0.0% |
| 2025-05-30 | $0.01 | -80.0% |
| 2025-03-31 | $0.37 | 0.0% |
| 2025-02-28 | $0.05 | -37.5% |
| 2024-12-31 | $0.37 | 5.7% |
| 2024-11-29 | $0.05 | -37.5% |
| 2024-09-30 | $0.37 | 12.1% |
| 2024-08-30 | $0.06 | -14.3% |
| 2024-06-28 | $0.37 | 12.1% |
| 2024-05-31 | $0.05 | -16.7% |
| 2024-03-27 | $0.37 | 12.1% |
| 2024-02-29 | $0.08 | 100.0% |
| 2023-12-28 | $0.35 | 6.1% |
| 2023-11-29 | $0.08 | 166.7% |
| 2023-09-28 | $0.33 | 6.5% |
| 2023-08-30 | $0.07 | — |
| 2023-06-29 | $0.33 | 6.5% |
| 2023-05-30 | $0.06 | — |
| 2023-03-30 | $0.33 | 6.5% |
| 2023-03-02 | $0.04 | — |
| 2022-12-29 | $0.33 | 6.5% |
| 2022-11-29 | $0.03 | — |
| 2022-09-29 | $0.31 | 0.0% |
| 2022-06-29 | $0.31 | 0.0% |
| 2022-03-30 | $0.31 | 0.0% |
| 2021-12-30 | $0.31 | -20.5% |
| 2021-09-29 | $0.31 | -20.5% |
| 2021-06-29 | $0.31 | -20.5% |
| 2021-03-30 | $0.31 | -20.5% |
| 2020-12-30 | $0.39 | 11.4% |
| 2020-09-29 | $0.39 | 18.2% |
| 2020-06-29 | $0.39 | — |
| 2020-03-30 | $0.39 | — |
| 2019-12-30 | $0.35 | — |
| 2019-09-27 | $0.33 | — |
| 2019 total | $0.68 | — |
| 2020 total | $1.56 | 129.4% |
| 2021 total | $1.24 | -20.5% |
| 2022 total | $1.29 | 4.0% |
| 2023 total | $1.59 | 23.3% |
| 2024 total | $1.72 | 8.2% |
| 2025 total | $1.56 | -9.3% |
| 2026 YTD total | $0.68 | -15.0% |
OBDC dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -23.33%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is 98.60%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut. The deepest trailing-12-month payout decline in the past five years is -42.08%.
| Window | Change |
|---|---|
| 1Y | 41.4% |
| 3Y | 17.7% |
| 5Y | 160.8% |
OBDC performance versus SPY
Data as of August 19, 2026.
Fund total return is 53.7% over the past 7.1 years, 130.7 points behind SPY at 184.4%. Its deepest 1-year drawdown was 20.1%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (7.1 years) | 53.7% | 6.30% |
| 3Y CAGR | — | 5.20% |
| 5Y CAGR | — | 5.90% |
OBDC key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 43 · Caution
- Safety-Adjusted Yield
- 5.53%
- Issuer
- Blue Owl Capital
- Asset type
- BDC
- Asset class
- Equity
- Distribution rate
- 12.87%
- Distribution frequency
- Quarterly
- Trailing yield
- 12.62%
- 5-year average yield
- 9.2
- Last close
- $11.41
- Market cap
- $5,707,512,320
- Average volume
- 2657567.0
- Last dividend
- $0.3100
- Ex-dividend date
- 08/31/2026
- Beta
- 0.669
- Payout ratio
- 0.7754
- P/E ratio
- 20.5357
- Forward P/E
- 8.9445
- EPS
- $0.56
How Dividend Vision calculates yield and returns
Distribution rate (12.87%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (12.62%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: Blue Owl Capital fund page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
OBDC risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 20.1%.
Who may consider OBDC — and who may not
OBDC may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (OBDC pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Compare OBDC
OBDC vs similar funds:
Frequently asked questions
Does OBDC pay monthly?
No. OBDC currently pays quarterly, not monthly.
What is OBDC's dividend yield?
OBDC currently yields 12.87%, paid quarterly.
How has OBDC's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -23.33%. That is not a single quarter versus the prior quarter.
When does OBDC pay a dividend?
OBDC pays quarterly. The last dividend was $0.3100. The last ex-dividend date was 08/31/2026.
How has OBDC performed?
Fund total return is 53.7% over the past 7.1 years, 130.7 points behind SPY at 184.4%. Its deepest 1-year drawdown was 20.1%.
Is OBDC a good investment?
OBDC's Dividend Vision Distribution Safety Score is 43 (Caution). That is a risk signal, not investment advice. It currently yields 12.87%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from Blue Owl Capital.
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