Stocks Ex-Dividend December 15

Dow Jones Newswires

 Company                       Symbol       Yield(%)   Amount 
 
 Adamas 9.125% Nts 2030        ADAMG        9.0     0.57031 
 Adamas Tr 9.125% Nts 2029     ADAMI        9.0     0.57031 
 Adamas Trust Nts 2030         ADAMH        9.6     0.61719 
 Advent Conv & Incm Fund       AVK          11.2    0.1172 
 Amer Finl Deb. 2059           AFGB         6.7     0.36719 
 Amer Homes 4 Rent Cl A        AMH          3.8     0.30 
 Amer Homes 4 Rent Pfd G       AMHpG        6.3     0.36719 
 Amer Homes 4 Rent Pfd H       AMHpH        6.4     0.39063 
 Arch Cap Group Pfd. F         ACGLO        6.4     0.34062 
 Arch Cap Group Pfd. G         ACGLN        6.6     0.28438 
 Ares Capital                  ARCC         9.2     0.48 
 Ares Management Pfd. B        ARESpB       6.2     0.84375 
 Armour REIT Pfd. C            ARRpC        8.3     0.14583 
 Armour Residential REIT       ARR          17.0    0.24 
 Aspen Ins 5.625% Pfd.         AHLpD        7.0     0.3516 
 Aspen Ins Pfd.                AHLpE        6.9     0.35156 
 Aspen Insurance Pfd.          AHLpF        7.0     0.4375 
 Athene Hldg Non-Cum. Pfd.     ATHpE        7.5     0.48438 
 Athene Holding Pfd. B         ATHpB        6.9     0.35156 
 Athene Holding Pfd. D         ATHpD        7.1     0.30469 
 Athene Pfd. A                 ATHpA        6.3     0.39687 
 Babcock & Wilcox Ents Nt      BWNB         6.6     0.4062 
 Banc of California            BANC         2.0     0.10 
 BCE Inc                       BCE          5.3     0.31085 
 Boyd Gaming                   BYD          0.9     0.18 
 C&F Financial                 CFFI         2.5     0.46 
 Cadence Bank                  CADE         2.5     0.275 
 Camping World Cl A            CWH          4.8     0.125 
 Capital Southwest             CSWC         10.4    0.1934 
 Capital Southwest             CSWC         10.4    0.06 
 Cemex ADR                     CX           0.8     0.02238 
 Cenovus Energy                CVE          1.8     0.14216 
 Chesapeake Utilities          CPK          2.1     0.685 
 ChoiceOne Financial Svcs      COFS         3.6     0.29 
 CION Inv 7.50% Nts 2029       CICB         7.3     0.46875 
 Civitas Resources             CIVI         6.7     0.50 
 Clearmind Medicine            CMND         ...     1:40 Reverse Split 
 Comerica                      CMA          3.1     0.71 
 Comerica Pfd. B               CMApB        6.6     0.6684 
 Community Trust Bancorp       CTBI         3.5     0.53 
 Cornerstone Strat Invt Fd     CLM          17.5    0.1224 
 Cornerstone TR Fd             CRF          17.6    0.1168 
 Credit Suisse Income Fnd      CIK          9.6     0.0225 
 Crown Castle                  CCI          4.6     1.0625 
 CS HY Credit Fd               DHY          9.1     0.0155 
 Customers Bncp Nts 2034       CUBB         6.1     0.33594 
 Cycurion                      CYCU         ...     2.50% Stock 
 Devon Energy                  DVN          2.6     0.24 
 Digital Realty Pfd. J         DLRpJ        6.0     0.32813 
 Digital Realty Pfd. k         DLRpK        6.0     0.36562 
 Digital Realty Pfd. L         DLRpL        6.2     0.325 
 Digital Realty Trust          DLR          3.1     1.22 
 Disney                        DIS          1.4     0.75 
 Domino's Pizza                DPZ          1.6     1.74 
 DT Midstream                  DTM          2.7     0.82 
 DTE Energy                    DTE          3.6     1.165 
 DTF Tax-Free Incm 2028        DTF          3.4     0.0325 
 Eagle Materials               EXP          0.4     0.25 
 Eagle Point Cred 7.75 Nts     ECCU         7.6     0.48438 
 Eagle Point Nts 2028          ECCX         6.6     0.41797 
 Eagle Point Nts 2029          ECCV         5.7     0.3359 
 Eagle Point Nts 2031          ECCW         6.8     0.42188 
 Eastman Chemical              EMN          5.1     0.84 
 Eaton Vance BuyWrite Opp      ETV          8.3     0.0993 
 Eaton Vance Eqty Inco Fd      EOI          8.1     0.1338 
 Eaton Vance Eqty Inco II      EOS          8.0     0.1523 
 Eaton Vance FR Incm Tr        EFT          9.6     0.08 
 Eaton Vance Mun Bd Fd         EIM          6.2     0.0508 
 Eaton Vance Mun Inc 2028      ETX          4.9     0.0782 
 Eaton Vance Risk-Managed      ETJ          8.9     0.0651 
 Eaton Vance Sr FR Fd          EFR          9.5     0.077 
 Eaton Vance Tax Mgd Buy       ETB          8.4     0.1058 
 Eaton Vance Tax-Adv Div       EVT          8.0     0.1646 
 Eaton Vance Tax-Adv Glbl      ETG          6.9     0.1293 
 Eaton Vance Tax-Mgd Glbl      EXG          8.5     0.0657 
 Eaton Vance Tax-Mng Div       ETY          7.6     0.0992 
 Eaton Vance Tax-Mngd Opp      ETW          8.6     0.0664 
 EatonVance TxAdv Opport       ETO          7.2     0.1733 
 El Paso Engy Cp I pfd.        EPpC         4.8     0.59375 
 Empire State Realty 250       FISK         2.1     0.035 
 Empire State Realty 60        OGCP         2.1     0.035 
 Empire State Realty ES        ESBA         2.0     0.035 
 Empire State Realty Tr        ESRT         2.0     0.035 
 Enterprise Finl Services      EFSC         2.2     0.32 
 Epsilon Energy                EPSN         5.0     0.0625 
 Etn Vnc Short Dur Fd          EVG          8.1     0.0751 
 EV Natl Municipal Opp         EOT          4.9     0.0683 
 Evolution Petroleum           EPM          11.9    0.12 
 Extra Space Storage           EXR          4.9     1.62 
 Fed Agric Mtg Cl A            AGM.A        4.2     1.50 
 Fed Agric Mtg Cl C            AGM          3.3     1.50 
 FedEx                         FDX          2.0     1.45 
 Financial Institutions        FISI         3.8     0.31 
 First Fincl Bankshares        FFIN         2.4     0.19 
 First Savings Fincl Gp        FSFG         1.9     0.16 
 Franklin Ltd Duration IT      FTF          12.0    0.0615 
 Franklin Universal Trust      FT           6.4     0.0425 
 GATX                          GATX         1.4     0.61 
 G-III Apparel Group           GIII         1.3     0.10 
 Gilead Sciences               GILD         2.6     0.79 
 Global Self Storage           SELF         5.8     0.0725 
 Graphic Packaging             GPK          2.9     0.11 
 Gray Media                    GTN          5.8     0.08 
 Gray Media Cl A               GTN.A        3.9     0.08 
 Great Elm 5.875% Nt 2026      GECCO        5.9     0.37127 
 Great Elm 7.25% Nts 2027      GEGGL        7.4     0.45816 
 Great Elm 7.75% Nts 2030      GECCG        7.7     0.59201 
 Great Elm 8.125% Nts 2029     GECCH        8.1     0.51345 
 Great Elm 8.5% Nts 2029       GECCI        8.4     0.53715 
 Great Elm Capital             GECC         19.1    0.37 
 Guggenheim Active Allo        GUG          9.3     0.11875 
 Guggenheim Strat Opps Fd      GOF          18.0    0.1821 
 Guggenheim Tax Mun Bd         GBAB         9.9     0.12573 
 Hawthorn Bancshares           HWBK         2.3     0.20 
 HCA Healthcare                HCA          0.6     0.72 
 Hecla Mining Pfd. B           HLpB         5.4     0.875 
 Hennessy Advisors Nt 26       HNNAZ        4.9     0.30469 
 Herc Holdings                 HRI          1.8     0.70 
 Himalaya Shipping             HSHP         ...     0.10 
 Horace Mann Educators         HMN          3.0     0.35 
 Horizon Tech Nts 2026         HTFB         4.8     0.30469 
 Horizon Tech Nts 2027         HTFC         6.3     0.39063 
 Huntsman                      HUN          3.3     0.0875 
 Inpoint Cmcl RE Pfd A         ICRpA        8.0     0.42188 
 Installed Bldg Products       IBP          0.5     0.37 
 Interparfums                  IPAR         3.9     0.80 
 iQSTEL                        IQST         ...     1.73% Stock 
 Iridium Communications        IRDM         3.1     0.15 
 Iron Mountain                 IRM          3.9     0.864 
 James River                   JRVR         0.6     0.01 
 Japan Smaller Cap Fd          JOF          10.0    0.0887 
 JBT Marel                     JBTM         0.3     0.10 
 Kayne Anderson Engy Infr      KYN          7.9     0.08 
 KBR Inc                       KBR          1.5     0.165 
 KKR IX 4.625% Nts 2061        KKRS         6.5     0.28906 
 Leggett & Platt               LEG          1.7     0.05 
 Leidos Holdings               LDOS         0.9     0.43 
 Macerich                      MAC          3.7     0.17 
 Macy's                        M            3.0     0.1824 
 Magic Software Ents           MGIC         1.1     0.151 
 MainStreet Bcshs Pfd.         MNSBP        7.6     0.46875 
 Marten Transport              MRTN         2.0     0.06 
 Medallion Bk Pfd. G           MBNKO        8.9     0.5625 
 Merchants Bancorp             MBIN         1.1     0.10 
 Merchants Bncp Pfd. C         MBINN        7.9     0.375 
 Merchants Bncp Pfd. D         MBINM        8.2     0.5156 
 Merchants Bncp Pfd. E         MBINL        8.2     0.4765 
 Merck                         MRK          3.4     0.85 
 Meta Platforms                META         0.3     0.525 
 Mid-Amer Apartment Pfd I      MAApI        8.0     1.0625 
 Midland States Bncp Pfd A     MSBIP        7.7     0.4844 
 Motorola Solutions            MSI          1.3     1.21 
 Natl Storage 6% Pfd A         NSApA        6.9     0.375 
 Natl Storage 6% Pfd. B        NSApB        7.1     0.375 
 Natl Storage Affiliates       NSA          7.7     0.57 
 Neuberger Berman Energy       NML          8.2     0.0584 
 Neuberger Berman HYS          NHS          14.9    0.0905 
 Neuberger Berman Nxt Gen      NBXG         9.9     0.12 
 Neuberger Berman Rl Est       NRO          12.6    0.0312 
 NewMarket                     NEU          1.5     3.00 
 NexPoint Real Est Fin         NREF         13.2    0.50 
 NexPoint Residential Tr       NXRT         7.1     0.53 
 Northern Trust Pfd. E         NTRSO        6.0     0.29375 
 NorthWestern Energy Group     NWE          3.9     0.66 
 Nuv NASDAQ 100 Dyn Over       QQQX         7.9     0.56 
 Nuv S&P 500 Dyn Overwrite     SPXX         7.5     0.3375 
 Nuveen AMT-Free Mun           NVG          7.4     0.079 
 Nuveen AMT-Free Mun Val       NUW          4.1     0.0485 
 Nuveen AMT-Free Quality       NEA          7.0     0.068 
 Nuveen AZ Quality Muni        NAZ          6.6     0.0655 
 Nuveen CA AMT-Free Qual       NKX          7.2     0.076 
 Nuveen CA Muni Value          NCA          3.9     0.029 
 Nuveen CA Quality Muni        NAC          7.4     0.0735 
 Nuveen Core Eq Alpha          JCE          8.0     0.32 
 Nuveen Core Plus Impact       NPCT         11.4    0.099 
 Nuveen Credit Str Inc Fd      JQC          12.8    0.054 
 Nuveen Dow 30 Dynamic         DIAX         7.9     0.301 
 Nuveen Dynamic Mun Opps       NDMO         7.3     0.062 
 Nuveen Gl Hi Incm Fd          JGH          9.9     0.1035 
 Nuveen Ins CA                 NXC          3.9     0.043 
 Nuveen Insured NY Select      NXN          4.2     0.042 
 Nuveen MA Qual Muni           NMT          6.6     0.064 
 Nuveen MN Qual Muni           NMS          6.7     0.0665 
 Nuveen MO Qual Muni           NOM          6.5     0.061 
 Nuveen Mtg & Income Fund      JLS          10.1    0.1535 
 Nuveen Multi-Asset Incm       NMAI         10.7    0.116 
 Nuveen Multi-Market Incm      JMM          5.7     0.029 
 Nuveen Mun Cred Incm Fd       NZF          7.5     0.0795 
 Nuveen Mun Credit Opp Fd      NMCO         7.7     0.0685 
 Nuveen Muni Income Fund       NMI          4.5     0.038 
 Nuveen Muni Value Fund        NUV          4.3     0.0325 
 Nuveen NJ Qual Muni           NXJ          7.4     0.0785 
 Nuveen NY AMT-Free            NRK          8.2     0.069 
 Nuveen NY Muni Value Fd       NNY          4.2     0.0295 
 Nuveen NY Qual Muni           NAN          7.5     0.072 
 Nuveen PA Qual Muni           NQP          7.7     0.078 
 Nuveen Pfd & Incm Opp Fd      JPC          9.2     0.0625 
 Nuveen Qual Mun Incm Fd       NAD          7.0     0.0705 
 Nuveen Real Asset Income      JRI          11.7    0.1335 
 Nuveen Real Est Incm Fd       JRS          8.8     0.17 
 Nuveen S&P 500 Buy-Write      BXMX         7.5     0.2725 
 Nuveen Sel Tax Free           NXP          4.5     0.0535 
 Nuveen Select Maturities      NIM          3.7     0.029 
 Nuveen Taxable Muni           NBB          7.1     0.0965 
 Nuveen VA Qual Muni           NPV          6.9     0.065 
 Nuveen Variable Rate Pfd      NPFD         9.6     0.1565 
 NuveenMuniIncoOpp Fd          NMZ          7.4     0.0655 
 NuvFloatRteInco Fd            JFR          13.0    0.085 
 Nuvve Holding                 NVVE         ...     1:40 Reverse Split 
 NXG NextGen Infr Incm Fd      NXG          13.1    0.54 
 NYLI MacKay Defined           MMD          4.8     0.06 
 Oaktree Spec Lending          OCSL         11.6    0.40 
 Ovintiv                       OVV          3.0     0.30 
 Oxford Lane Nts 2027          OXLCZ        5.1     0.3125 
 Oxford Lane Nts 2030          OXLCI        8.5     0.54688 
 Oxford Lane Nts 2031          OXLCL        7.0     0.42188 
 Oxford Lane Nts 2032          OXLCG        7.8     0.49687 
 Packaging Corp Amer           PKG          2.4     1.25 
 Pembina Pipeline              PBA          5.2     0.50246 
 PennantPark FR Cap            PFLT         13.0    0.1025 
 PennantPark Investment        PNNT         16.2    0.08 
 PennyMac Nts 2028             PMTU         8.2     0.5312 
 Phillips Edison               PECO         3.7     0.1083 
 Popular Cap Tr II 6.125%      BPOPM        6.1     0.1276 
 PotlatchDeltic                PCH          4.4     0.45 
 Presurance 9.75% Nts 2028     PRHIZ        12.7    0.60938 
 Prosperity Bancshares         PB           3.3     0.60 
 Public Storage                PSA          4.4     3.00 
 Public Storage Pfd M          PSApM        6.1     0.2578 
 Public Storage Pfd. F         PSApF        6.0     0.3219 
 Public Storage Pfd. G         PSApG        6.1     0.31563 
 Public Storage Pfd. H         PSApH        5.9     0.35 
 Public Storage Pfd. I         PSApI        6.1     0.3047 
 Public Storage Pfd. J         PSApJ        6.2     0.2938 
 Public Storage Pfd. K         PSApK        6.1     0.2969 
 Public Storage Pfd. L         PSApL        6.1     0.28906 
 Public Storage Pfd. N         PSApN        6.2     0.2422 
 Public Storage Pfd. O         PSApO        6.2     0.2437 
 Public Storage Pfd. P         PSApP        6.2     0.25 
 Public Storage Pfd. Q         PSApQ        6.2     0.2469 
 Public Storage Pfd. R         PSApR        6.2     0.25 
 Public Storage Pfd. S         PSApS        6.2     0.2562 
 Putnam Mas Inco               PIM          8.1     0.022 
 Putnam Muni Opps              PMO          4.5     0.0393 
 Putnam Premier Income Tr      PPT          8.8     0.026 
 Putnam Tr                     PMM          5.2     0.0265 
 Quanex Building Products      NX           2.1     0.08 
 Raymond James Pfd. B          RJFpB        6.3     0.39844 
 RCI Hospitality Holdings      RICK         1.0     0.07 
 Red Rock Resorts Cl A         RRR          1.7     0.26 
 Regency Centers               REG          4.5     0.755 
 RenaissanceRe Hldgs           RNR          0.6     0.40 
 Rexford Ind Realty Pfd B      REXRpB       6.3     0.36719 
 Rexford Ind Realty Pfd C      REXRpC       6.4     0.35156 
 RiverNorth Cap & Incm Fd      RSF          11.2    0.1357 
 RiverNorth Double Strat       OPP          14.3    0.095 
 RiverNorth Flex Mun II        RFMZ         7.9     0.0858 
 RiverNorth Flexible Muni      RFM          7.9     0.094 
 RiverNorth Mgd Dur Muni       RMM          7.8     0.0905 
 RiverNorth Mgd Dur Muni       RMMZ         7.7     0.0951 
 RiverNorth Opp Muni           RMI          7.7     0.0945 
 Rivernorth Opps Fund          RIV          12.9    0.1277 
 Sabine Royalty Tr UBI         SBR          7.3     0.19667 
 Sachem 8% Nts 2027            SCCG         8.5     0.50 
 Sachem Cap Pfd. A             SACHpA       10.5    0.48438 
 Sachem Capital                SACH         17.5    0.05 
 Seacoast Banking of FL        SBCF         2.3     0.19 
 Sempra Nts 2079               SREA         6.5     0.35938 
 Service Corp Intl             SCI          1.7     0.34 
 Simmons First Natl Cl A       SFNC         4.3     0.2125 
 SITE Centers                  SITC         0.0     1.00 
 Sixth Street Spc Lending      TSLX         8.1     0.46 
 Sonic Automotive Cl A         SAH          2.2     0.38 
 Sound Point Meridian Cap      SPMC         21.5    0.25 
 Sound Point Meridian Pfd.     SPMA         7.9     0.16667 
 Sound Pt Meridian Pfd. B      SPME         7.9     0.16406 
 Stellar Bancorp               STEL         1.8     0.15 
 Steven Madden                 SHOO         1.9     0.21 
 Stewart Info Svcs             STC          2.9     0.525 
 Stock Yards Bancorp           SYBT         1.8     0.32 
 Strategy 10% Perp. Pfd. A     STRD         12.4    2.50 
 Strategy 8% Pfd. A            STRK         9.1     2.00 
 Strategy 9% Perp. Pfd. A      STRC         10.3    0.89583 
 Strategy Inc. 10% Pfd. A      STRF         9.1     2.50 
 Super Group (SGHC)            SGHC         1.4     0.04 
 SuRo Cap 6% Nts due 2026      SSSSL        6.0     0.375 
 Synovus Fin Pfd. E            SNVpE        8.0     0.52481 
 Synovus Finl Pfd. D           SNVpD        7.8     0.48193 
 T. Rowe Price Group           TROW         4.8     1.27 
 Teck Resources Cl B           TECK         0.8     0.08933 
 Telephone & Data Pfd. UU      TDSpU        7.5     0.41406 
 Telephone & Data Pfd. VV      TDSpV        7.5     0.375 
 Telephone & Data Sys          TDS          0.4     0.04 
 Templeton Dragon Fund         TDF          3.5     0.10 
 Templeton EM Fund             EMF          5.0     0.9963 
 Templeton Emerging            TEI          8.6     0.3525 
 Terra Incm Fd 6Nt 2026        TFSA         7.0     0.4375 
 Terra Prop Nts 2026           TPTA         6.3     0.375 
 Terreno Realty                TRNO         3.3     0.52 
 Thermo Fisher Scientific      TMO          0.3     0.43 
 TKO Group Holdings            TKO          0.7     0.78 
 Trinity Cap Nts 2029          TRINI        7.7     0.4922 
 Trinity Cap Nts 2029          TRINZ        7.7     0.4922 
 Triumph Finl Pfd. C           TFINp        8.2     0.44525 
 Tsakos Energy Navigation      TEN          4.2     0.50 
 U.S. Global Investors A       GROW         3.7     0.0075 
 UGI                           UGI          3.9     0.375 
 U-Haul Holding Series N       UHAL/B       0.4     0.05 
 United Community Banks        UCB          3.1     0.25 
 Urban Edge Properties         UE           3.9     0.19 
 Utz Brands                    UTZ          2.6     0.063 
 Valley National Bancorp       VLY          3.7     0.11 
 Valley Natl Bncp Pfd B        VLYPO        8.2     0.49551 
 Valley Natl Bncp Pfd. A       VLYPP        7.2     0.5127 
 Valley Natl Bncp Pfd. C       VLYPN        8.0     0.51563 
 Venture Global                VG           1.1     0.017 
 Verisk Analytics              VRSK         0.8     0.45 
 Vermilion Energy              VET          3.0     0.0922 
 Vitesse Energy                VTS          10.2    0.5625 
 Vornado 5.40% Pfd L           VNOpL        7.5     0.3375 
 Vornado Realty Pfd. M         VNOpM        7.5     0.32813 
 Vornado Realty Pfd. N         VNOpN        7.5     0.32813 
 Vornado Realty Tr Pfd. O      VNOpO        7.6     0.27812 
 W.R. Berkley 4.125% Deb.      WRBpH        6.2     0.25781 
 W.R. Berkley 5.1% Deb         WRBpF        6.4     0.31875 
 W.R. Berkley Deb 2060         WRBpG        6.2     0.26563 
 WesBanco Pfd. B               WSBCO        7.1     0.5326 
 Western Alliance Pfd A        WALpA        4.6     0.26563 
 World Kinect                  WKC          3.3     0.20 
 Worthington Enterprises       WOR          1.3     0.19 
 WR Berkley                    WRB          0.5     0.09 
 WR Berkley                    WRB          0.5     1.00 
 WR Berkley 5.7% Deb 2058      WRBpE        6.3     0.35625 
 Wyndham Hotels & Resorts      WH           2.2     0.41 
 XAI Madison Eq Prem           MCN          12.1    0.06 
 XAI Octagon FR & Alt Incm     XFLT         18.5    0.07 
 XBP Global Holdings           XBP          ...     1:10 Reverse Split 
 
Source: FactSet

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Blue Owl Capital Declines 5.5% Since Q3 Earnings Miss on High Costs

Zacks

Blue Owl Capital Corporation OBDC shares have declined 5.5% since it reported weaker-than-expected third-quarter results on Nov. 5, 2025. Elevated expense level and lower prepayment-related income and interest income from debt investments affected the results. OBDC also agreed to merge with OBDC II, where OBDC will be the surviving company.

OBDC reported third-quarter 2025 adjusted earnings per share (EPS) of 36 cents, which missed the Zacks Consensus Estimate by 7.7%. Also, the bottom line decreased 23.4% year over year.

Total investment income advanced 11.6% year over year to $453.1 million. However, the top line missed the consensus mark by 1.8%.

Blue Owl Capital Corporation Price, Consensus and EPS Surprise

Blue Owl Capital Corporation price-consensus-eps-surprise-chart | Blue Owl Capital Corporation Quote

Key Insights From Q3

Adjusted net investment income of $183.3 million fell 0.9% year over year. New investment commitments were $1.3 billion across 13 new portfolio companies and 23 existing ones.

Blue Owl Capital ended the third quarter with investments in 238 portfolio companies, backed with an aggregate fair value of $17.1 billion. Based on the fair value, the average investment size in each portfolio company was $72 million as of Sept. 30, 2025.

Total expenses increased 19.5% year over year to $259.9 million in the third quarter, due to higher interest expenses and management fees.

OBDC recorded an adjusted net increase in net assets resulting from operations of $128.2 million, which decreased 5.3% year over year.

Financial Update (as of Sept. 30, 2025)

Blue Owl Capital exited the third quarter with a cash balance of $317.2 million, which declined from the 2024-end level of $505.7 million. Total assets of $17.6 billion increased from the $13.9 billion figure at 2024-end.

Debt was $9.5 billion, up from the $7.5 billion figure as of Dec. 31, 2024. OBDC had $2.9 billion of undrawn capacity under its credit facilities. At the third-quarter end, net debt to equity was 1.22X.

Net operating cash flow in the first nine months of 2025 was $918.6 million, while the company used $285.7 million of net cash in operations in the prior-year comparable period.

Dividend & Repurchase Update

The board of directors at Blue Owl Capital declared a third-quarter 2025 regular dividend of 37 cents per share, but did not provide a quarterly supplemental dividend.

Blue Owl Capital announced a new repurchase program (expiring in 18 months from the approval date of Nov. 4, 2025), under which it may purchase shares up to $200 million. The company did not make share repurchases in the third quarter.

OBDC currently has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

How did Other Finance Stocks Perform in Q3?

Here are some stocks in the broader Finance space that have also reported earnings for this quarter: Euronet Worldwide, Inc. EEFT, Ares Capital Corporation ARCC and Virtu Financial, Inc. VIRT.

Euronet Worldwide reported third-quarter 2025 adjusted earnings per share of $3.62, which beat the Zacks Consensus Estimate by 1.4%. The bottom line rose 19% year over year. The quarterly earnings benefited from strategic buyouts, investments in digital and Dandelion products, and global expansions. However, Euronet Worldwide’s increased expense level partially offset the positives.

Ares Capital Corporation’s third-quarter 2025 core earnings of 50 cents per share met the Zacks Consensus Estimate, supported by higher total investment income. Also, the company’s robust portfolio activities aided its results. However, higher expenses acted as a spoilsport. Ares Capital Corporation’s bottom line fell 13.8% from the prior-year quarter.

Virtu Financial reported third-quarter adjusted earnings per share of $1.05, which beat the Zacks Consensus Estimate by 8.3% and increased 28% year over year. The strong quarterly results benefited from the improved commissions and technology services revenues. Strong performance in both the Market Making and Execution Services segments, driven by increased trading activity, also contributed to the upside. However, the upside was partly offset by Virtu Financial’s elevated expense level.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

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Ares Capital Is Maintained at Outperform by RBC Capital

Dow Jones Newswires

Ares Capital Corp.

+2.25%

(16:16 GMT) Ares Capital Price Target Cut to $23.00/Share From $24.00 by RBC Capital

Risk Warnings and Disclaimers

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Ares Capital Q3 Earnings Meet Estimates, Total Investment Income Rises

Zacks

Ares Capital Corp.

+2.25%

Ares Capital Corporation’s ARCC third-quarter 2025 core earnings of 50 cents per share met the Zacks Consensus Estimate. However, the bottom line reflected a decline of 13.8% from the prior-year quarter.

The results were primarily aided by higher total investment income. Also, the company’s robust portfolio activities offered some support. However, higher expenses acted as a spoilsport.

GAAP net income was $404 million or 57 cents per share compared with $394 million or 62 cents per share in the prior-year quarter.

ARCC’s Total Investment Income Increases, Expenses Rise

Total investment income was $782 million, up roughly 1% year over year. The rise was primarily driven by higher capital structuring service fees and other income. The top line beat the Zacks Consensus Estimate of $763.7 million.

Total quarterly expenses were $433 million, up 7.7% year over year. The rise was mainly due to higher interest and credit facility fees, and base management fee.

Portfolio Activities Robust for ARCC

In the third quarter, the company made gross commitments worth $3.92 billion to new and existing portfolio companies, flat compared with the prior-year quarter.

The company exited the quarter with $2.63 billion of commitments compared with $2.60 billion a year ago.

The fair value of Ares Capital’s portfolio investments was $28.7 billion as of Sept. 30, 2025.

The fair value of accruing debt and other income-producing securities was $25.9 billion.

Ares Capital’s Balance Sheet Strong

As of Sept. 30, 2025, the company’s cash and cash equivalents totaled $1.04 billion, up from $635 million as of Dec. 31, 2024.

Ares Capital had $5.2 billion available for additional borrowings under the existing credit facilities as of Sept. 30, 2025. Total outstanding debt was $15.6 billion.

As of Sept. 30, 2025, total assets were $30.8 billion and stockholders’ equity was $16.5 billion.

Net asset value was $20.01 per share, up from $19.89 as of Dec. 31, 2024.

Our Take on ARCC

Driven by the rise in the demand for customized financing, growth in total investment income is expected in the near term. Increased investment commitments will likely keep supporting ARCC’s financials. However, its expansion strategies may lead to a rise in costs in the near term. Regulatory constraints pose another major headwind.

Ares Capital Corporation Price, Consensus and EPS Surprise

Ares Capital Corporation price-consensus-eps-surprise-chart | Ares Capital Corporation Quote

Currently, ARCC carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings Dates & Expectations for ARCC’s Peers

Hercules Capital, Inc. HTGC is slated to report third-quarter 2025 numbers on Oct. 30.

Over the past seven days, the Zacks Consensus Estimate for Hercules Capital’s quarterly earnings has been unchanged at 48 cents. The estimate indicates a 5.9% decline from the prior-year quarter’s actual.

Main Street Capital MAIN is scheduled to announce third-quarter 2025 results on Nov. 6.

Over the past seven days, the Zacks Consensus Estimate for Main Street Capital’s quarterly earnings has been unchanged at $1.04. This implies a 4% rise from the prior-year quarter’s actual.

This article originally published on Zacks Investment Research (zacks.com).

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ARCC Q3 Deep Dive: Stable Credit Quality and Origination Drive Resilient Results

Stock Story

Ares Capital Corp.

+2.25%

Business development company Ares Capital beat Wall Street’s revenue expectations in Q3 CY2025, but sales were flat year on year at $782 million. Its GAAP profit of $0.57 per share decreased from $0.62 in the same quarter last year.

Is now the time to buy ARCC? Find out in our full research report (it’s free for active Edge members).

Ares Capital (ARCC) Q3 CY2025 Highlights:

Revenue: $782 million vs analyst estimates of $767.1 million (flat year on year, 1.9% beat)
Adjusted Operating Income: $349 million (44.6% margin, 6.4% year-on-year decline)
Operating Margin: 44.6%, down from 48.1% in the same quarter last year
Market Capitalization: $14.51 billion

StockStory’s Take

Ares Capital delivered Q3 results that were in line with recent trends, with revenue coming in slightly above Wall Street expectations despite flat year-over-year sales. Management attributed performance to strong credit metrics in its loan portfolio, proactive risk management, and increased net realized gains from equity investments. CEO Kort Schnabel pointed to “healthy credit performance and financial results that demonstrate our enduring competitive advantages,” highlighting the company’s ability to generate stable returns through diversified origination and disciplined underwriting. Nonaccruals declined, and realized gains from exits, such as Potomac Energy Center, contributed positively to results.

Looking ahead, management emphasized flexibility to sustain dividend levels and earnings, even if market rates decline. The company is focused on deploying dry powder to capitalize on higher-yielding opportunities and leveraging partnerships for additional growth. Schnabel stated, “We believe there are distinct competitive and financial factors that position ARCC to maintain its current dividend level for the foreseeable future,” underpinned by a robust balance sheet and spillover income reserves. Management also sees continued momentum in M&A-driven lending as a driver for future portfolio growth and fee income.

Key Insights from Management’s Remarks

Management credited the quarter’s resilience to stable credit quality, selective origination, and strong realized gains from equity exits, setting the stage for ongoing discipline in portfolio construction and risk management.

Credit quality remains robust: The company reported declining nonaccrual rates and cited strong interest coverage and low loan-to-value ratios across its portfolio. This resilience is attributed to industry selection and the ability to be highly selective due to broad origination scale.
Realized gains from exits: Ares Capital posted significant net realized gains, notably from the sale of Potomac Energy Center, which had previously been restructured. These exits reinforce the firm’s strategy of maximizing value from both debt and equity investments.
Origination activity accelerates: The third quarter saw over $3.9 billion in new investment commitments, with a shift toward more M&A-driven transactions and a higher share of new borrowers. This increase in deal flow signals an early stage of a new M&A cycle in private lending.
Portfolio diversification: The portfolio remains broadly diversified, with 587 companies across 25 industries and a single investment averaging just 0.2% of total assets. This structure reduces exposure to isolated credit events and supports long-term stability.
Careful exposure to software and AI: Management described a conservative approach to software lending, focusing on large, mission-critical business platforms with high switching costs. The company views AI as a complementary tool rather than a disruptive threat to its software borrowers.

Drivers of Future Performance

Ares Capital’s outlook centers on maintaining earnings power, dividend stability, and disciplined growth as M&A activity resumes and market conditions evolve.

Sustaining dividends amid rate shifts: Management believes the company can maintain its current dividend even if short-term interest rates decline, citing balance sheet leverage flexibility and a spillover income reserve equivalent to over two quarters of dividends.
Capital deployment opportunities: The company plans to use available liquidity and lower leverage to capture higher-yielding investments, particularly within its nonqualifying asset basket, and to take advantage of increased M&A-driven opportunities.
Monitoring credit and competitive risks: While credit quality remains strong, management is vigilant about potential sector-specific slowdowns and the impact of competition and market volatility, especially in light of industry-wide events and tightening spreads.

Catalysts in Upcoming Quarters

In the coming quarters, our analysts will be watching (1) the pace and quality of new investment originations as M&A activity accelerates, (2) the impact of interest rate changes on earnings and dividend coverage, and (3) any signs of deterioration in credit quality, particularly in cyclical sectors. The utilization of spillover income and strategic capital deployment will also be key areas to monitor for ongoing stability.

Ares Capital currently trades at $20.60, up from $20.35 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members).

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ARCC: Strong Q3 results with rising earnings, NAV, and robust credit quality support dividend stability

Quartr

Ares Capital Corp.

+2.25%

Q3 2025 saw strong earnings, robust net realized gains, and continued NAV growth, with core EPS of $0.50 and GAAP EPS of $0.57. Portfolio quality remained high, non-accruals declined, and origination activity accelerated, supporting confidence in dividend sustainability.

Based on Ares Capital Corporation [ARCC] Q3 2025 Audio Transcript — Oct. 28 2025

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This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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ARCC: Q3 2025 saw higher net income per share, stable core EPS, and strong portfolio growth

Quartr

Ares Capital Corp.

+2.25%

GAAP net income per share rose to $0.57 in Q3 2025, with stable core EPS and a growing portfolio value. Net asset value per share increased, and the company maintained a strong dividend and robust investment activity, while credit quality and risk metrics remained solid.

Original document: Ares Capital Corporation [ARCC] Slides Release — Oct. 28 2025

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This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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