Blackstone Inc. (BX) to Issue Quarterly Dividend of $1.49 on February 17th

Blackstone Inc. (NYSE:BXGet Free Report) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Monday, February 9th will be paid a dividend of 1.49 per share by the asset manager on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, February 9th. This is a 15.5% increase from Blackstone’s previous quarterly dividend of $1.29.

Blackstone has increased its dividend payment by an average of 0.2%per year over the last three years. Blackstone has a payout ratio of 93.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Blackstone to earn $7.14 per share next year, which means the company should continue to be able to cover its $5.96 annual dividend with an expected future payout ratio of 83.5%.

Blackstone Stock Up 2.3%

BX stock opened at $129.73 on Friday. The company has a market capitalization of $95.80 billion, a P/E ratio of 33.44, a PEG ratio of 0.99 and a beta of 1.76. The firm has a 50 day simple moving average of $151.92 and a 200-day simple moving average of $159.64. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.61. Blackstone has a twelve month low of $115.66 and a twelve month high of $190.09.

Blackstone (NYSE:BXGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm posted $1.69 EPS. The firm’s revenue was up 41.4% compared to the same quarter last year. On average, equities research analysts predict that Blackstone will post 5.87 earnings per share for the current fiscal year.

About Blackstone

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Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.

Further Reading

Dividend History for Blackstone (NYSE:BX)

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