Blue Owl Capital posts strong Q1 with 15% AUM growth and raises dividend to 9.2% yield.

Blue Owl Capital Inc. reported a strong first quarter, with assets under management (AUM) rising 15% year-over-year to $314.9 billion. Despite market concerns, the firm also increased its dividend, now yielding 9.2%, well above its historical average of 5%. Notably, $29.9 billion of AUM is not yet generating fees, indicating potential future revenue growth. The company managed to maintain AUM levels even amid redemption pressures on non-traded funds, thanks to offsetting investments. This robust performance has led to a bullish outlook on Blue Owl Capital's stock, which currently trades 50% below recent highs.