OBDC Dividend Calculator
Project dividend-reinvestment (DRIP) growth, income, and yield on cost for Blue Owl Capital Corporation (OBDC). Pre-filled with OBDC’s current yield of about 12.45% (as of Oct 13, 2026) — edit the growth and tax assumptions to fit your plan.
OBDC dividend: yield, amount & dates
Snapshot of Blue Owl Capital Corporation (OBDC) dividend data as of Oct 13, 2026. Figures change — verify the current numbers with your broker before investing.
OBDC dividend income calculator
Pre-filled with OBDC’s current yield of about 12.45%. See the income an amount of Blue Owl Capital Corporation would pay, or how much you’d need for a target monthly income.
OBDC dividend history by year
Per share, grouped by ex-dividend date. Years with more than four payments include supplemental or special dividends paid on separate dates.
| Year | Dividends per share | Change | Payments |
|---|---|---|---|
| 2026through Sep 30, 2026 | $1.01 | — | 4 |
| 2025 | $1.56 | -9.3% | 7 |
| 2024 | $1.72 | +8.2% | 8 |
| 2023 | $1.59 | +23.3% | 8 |
| 2022 | $1.29 | +4.0% | 5 |
| 2021 | $1.24 | — | 4 |
Did OBDC cut its dividend?
Yes, in 2026. Blue Owl Capital Corporation had paid a $0.37 quarterly base dividend since early 2024. With its first-quarter 2026 results, the board set the second-quarter base at $0.31 instead.
The company said the change was meant to match what the portfolio can earn going forward. It pointed to a long stretch of falling base interest rates and tighter lending spreads. Its adjusted net investment income had slipped to $0.31 a share in that quarter, from $0.36 the quarter before.
How OBDC’s supplemental dividend works
On top of the base, OBDC pays a supplemental when quarterly net investment income tops the base dividend. The supplemental is half of that excess, rounded to the nearest penny. Blue Owl introduced it in the third quarter of 2022.
In the second quarter of 2026, adjusted income rose to $0.34 a share against the $0.31 base, and the board declared a $0.02 supplemental. It went ex on August 31 and was paid on September 15.
OBDC dividend history
OBDC paid $1.24 a share in 2021 and $1.29 in 2022. Then 2023 jumped 23.3% to $1.59, as base raises and extra payouts kicked in. 2024 was the peak at $1.72, up 8.2%. 2025 fell 9.3% to $1.56 as the extras shrank.
In 2026 the four payments through September 30 add up to $1.01 per share: $0.37 in March, $0.31 in June, the $0.02 supplemental and $0.31 in September.
Net asset value and buybacks
Net asset value per share was $14.26 on June 30, 2026, down from $14.81 at the end of 2025. Blue Owl blamed most of the first-quarter drop on wider credit spreads and the second-quarter dip on markdowns at a few borrowers. It bought back about $35 million of its own stock in each of those quarters.
Does OBDC pay monthly dividends?
No. The base dividend is paid quarterly, going ex on the last business day of each quarter and paid around the 15th of the next month. Supplementals, when declared, go ex a month earlier.
The fourth-quarter 2026 base dividend is usually declared with third-quarter results in early November.
OBDC yield
Blue Owl’s payouts over the year to Oct 13, 2026 came to $1.26 a share. At a price near $10.12, that is a trailing yield of about 12.45%. The $0.31 base alone, $1.24 a year, is about 12.25%.
Ares Capital, another large BDC, yielded about 10.31% on the same date.
Blue Owl’s own dividend table matches digrin.com and stockanalysis.com. One other data site counts several 2024–2025 supplementals twice, so its totals were not used. Last checked Oct 16, 2026. Sources: Blue Owl Capital Corporation — dividends; SEC — OBDC first-quarter 2026 results and base dividend; SEC — OBDC second-quarter 2026 results (Aug 5, 2026); digrin.com — OBDC dividends; stockanalysis.com — OBDC dividend history. Not financial advice.
Related dividend guides
OBDC dividend snapshot
Varies by periodAs of Oct 13, 2026, OBDC yields about 12.45%, having distributed $1.26 per share over the trailing twelve months.
Its most recent payment was $0.31 per share, which went ex-dividend on Sep 30, 2026 and paid on Oct 15, 2026.
OBDC's quarterly payments have varied over the period shown, from $0.02 to $0.37 per share, with the latest at $0.31.
OBDC's trailing total also includes periodic supplemental dividends paid on top of the regular amount, so individual payments differ in size.
As a BDC, OBDC pairs an above-average yield with income taxed largely as ordinary income rather than as qualified dividends — so set the price-growth input in the calculator above conservatively rather than assuming the yield compounds untouched.
Based on OBDC’s published payment record as of Oct 13, 2026 — a description of what the dividend has done, not a rating or a forecast.
About OBDC
Blue Owl Capital Corporation is a business development company (BDC) that makes direct loans, mostly senior secured first-lien debt, to upper-middle-market US companies. It pays a high quarterly dividend, and its distributions are generally taxed as ordinary income.
OBDC is a bdc from Blue Owl Capital that distributes quarterly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for OBDC: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for high-yield versus dividend-growth choices, where a lower starting yield that grows quickly can overtake a higher static yield over time.
How to use the OBDC calculator
- Replace the pre-filled yield with OBDC’s current dividend yield from your broker or the fund’s page.
- Set your initial investment and monthly contribution.
- Estimate the dividend growth rate and price growth rate. For a bdc these can differ a lot — be realistic rather than optimistic.
- Choose your dividend tax rate and whether to reinvest (DRIP), then read the projected value, dividends received, and yield on cost.
The full math, including how the money-weighted return is computed, is on the methodology page.
OBDC dividend FAQ
- What is OBDC’s dividend now?
- A $0.31 quarterly base since the June 2026 ex-date, plus a supplemental when income allows; it was $0.02 for the second quarter of 2026.
- How much did OBDC pay in 2025?
- $1.56 per share: four $0.37 base dividends plus supplementals of $0.05, $0.01 and $0.02.
- Is the OBDC dividend safe?
- This page does not give advice. In the second quarter of 2026, adjusted net investment income of $0.34 a share covered the $0.31 base. Earlier in 2026 it had fallen to $0.31, which led to the cut.
- How does this OBDC dividend calculator work?
- It runs a month-by-month projection: each month it adds your contribution, pays a dividend based on the yield, optionally reinvests it (DRIP), then applies price growth. The page loads pre-filled with OBDC's current yield (about 12.45% as of Oct 13, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for OBDC?
- As of Oct 13, 2026, OBDC's dividend yield was about 12.45% ($1.26 per share over the trailing year). Yields move with the share price, so use the current figure from your broker rather than a fixed number. Enter the trailing or forward yield, whichever you prefer to model.
- How often does OBDC pay dividends, and when?
- Blue Owl Capital Corporation pays a quarterly + supplementals dividend; its most recent payment was $0.31 per share, ex-dividend Sep 30, 2026. This calculator compounds monthly and projects annual totals, so it works the same regardless of the payment schedule — the cadence just affects when cash actually lands in your account.
- Is the OBDC projection a guarantee?
- No. It is an educational projection based on the assumptions you enter, held constant. Real dividends can rise, be cut, or stop, and prices fluctuate. Use it to compare scenarios, not to predict returns, and never rely on a single calculator for an investment decision.
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