08:32 AM EDT, 05/02/2024 (MT Newswires) -- Blue Owl Capital (OWL) reported Q1 adjusted earnings Thursday of $0.17 per diluted share, up from $0.15 a year earlier.

Two analysts polled by Capital IQ expected $0.16.

Revenue for the quarter ended March 31 was $513.3 million, up from $391.0 million a year earlier.

Analysts surveyed by Capital IQ expected $473.6 million.

The company raised its quarterly dividend from $0.14 per share to $0.18 per share, payable May 30 to shareholders of record May 21.

Blue Owl shares were up 6.7% in premarket activity.

Price: 19.90, Change: +1.25, Percent Change: +6.70