Oaktree Capital Management, a hedge fund with at least $159 billion in assets under management, utilizes a diversified mix of global investment strategies in four categories: credit, private equity, real assets, and listed equities.
On Apr. 12, 2012, the Howard Marks-founded firm was listed on the New York stock exchange. On March 13, 2019, Canadian multinational Brookfield Asset Management acquired a 62% stake in Oaktree for roughly $4.7 billion.
Oaktree’s customer base now includes 69 of the 100 largest U.S. pension plans, 39 of the 50 state retirement plans in the U.S., and more than 500 corporations worldwide, with 20% of its assets in public funds. Read on to learn more about three high-yielders Oaktree traded in the second quarter of 2022.
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- Eagle Bulk Shipping Inc. (NASDAQ:EGLE) offers a dividend yield of 17.93% or $8.88 per share annually, making quarterly payments, with a track record of increasing its dividends once in the past year. The logistics player, which specializes in ocean transportation of dry bulk cargoes, saw a record net income of $94.5 million in the second quarter of 2022. It achieved a Time Charter Equivalent (TCE) of $30,207 per day. The company generated net revenues of $198.7 million, with $138.2 million being TCE revenue.
- Runway Growth Finance Corporation (NASDAQ:RWAY) is offering a dividend yield of 11.76% or $1.32 per share annually, through quarterly payments, with a track record of increasing its dividends once in the past year. The senior secured loan provider announced third-quarter earnings on Nov. 3, including a portfolio update of nine investments in new and existing companies representing $216 million in new commitments and $161 million in funded loans. This brings the firm's total loan commitments and funded investments to $2 billion.
- Chesapeake Energy Corporation (NASDAQ:CHK) is offering a dividend yield of 12.97% or $1.00 per share annually, using quarterly payments, with a track record of increasing its dividends once in the past year. Oklahoma City-based Chesapeake Energy is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. In the second quarter earnings press release Nick Dell'Osso, Chesapeake's President and CEO, commented, "We continue to execute our business and deliver on our leading capital return program. Over the last two months we have doubled our share and warrant repurchase authorization to $2 billion, retired over $580 million in common shares, and increased our base dividend by 10%.”
