Blue Owl's BDC Already Cut Its Base Dividend to $0.31. Here's What to Watch as the Rest Report.

Blue Owl Capital (NYSE: OBDC) had little choice but to cut its dividend. As management explained, the cut was made to align the dividend "with the portfolio's go-forward earnings power." To be fair, dividend cuts are fairly normal for business development companies (BDCs), so this isn't a sign that Blue Owl Capital is specifically in any trouble.