Blue Owl Capital Corp II Declares $0.0533 Monthly Dividend, Plans 30% NAV Return
Blue Owl Capital Corp II (OBDC), a business development company, approved regular monthly distributions of $0.0533 per share for February and March 2026. The company also intends to make a special cash distribution of up to 30% of net asset value.
Blue Owl Capital Corp II (OBDC), a business development company focused on middle-market lending, declared regular monthly distributions of $0.0533 per share for February 2026 and March 2026. The company's board approved the distributions on February 18, 2026. Read more dividend announcements.
As of February 18, 2026, Blue Owl Capital Corp II had approximately 115.3 million shares outstanding.
Special Distribution Planned
The company intends to make a special cash distribution to shareholders of up to approximately 30% of net asset value as of December 31, 2025. The return of capital distribution is expected to be payable on or before March 31, 2026, subject to board approval.
Blue Owl Capital Corp II terminated its dividend reinvestment plan. As a result, the March 2026 regular distribution and the expected return of capital distribution will be payable only in cash. All future distributions are expected to be paid in cash, subject to board discretion.
Distribution Details
| Distribution Type | Amount Per Share | Record Date | Ex-Dividend Date | Payment Date |
|---|---|---|---|---|
| February 2026 Regular | $0.0533 | To be announced | To be announced | To be announced |
| March 2026 Regular | $0.0533 | To be announced | To be announced | To be announced |
| Special Return of Capital | Up to ~30% of NAV | To be announced | To be announced | On or before March 31, 2026 |
Portfolio Activity
Blue Owl Capital Corp II entered into six separate loan sale agreements on February 18, 2026. As of February 12, 2026, the aggregate value of investment commitments to be sold from Blue Owl Capital Corp II, Blue Owl Capital Corporation, and Blue Owl Technology Income Corp. totaled $1.4 billion.
The company stated it intends to continue investing according to its investment objective and expects to make monthly cash distributions to shareholders. Blue Owl Capital Corp II plans to prioritize additional return of capital distributions on a quarterly basis, intended to replace quarterly tender offers and potentially funded by repayments, asset sales, or strategic transactions.