Blackstone Inc. (BX) To Go Ex-Dividend on August 3rd

Blackstone Inc. (NYSE:BX) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Monday, August 3rd will be given a dividend of 1.29 per share by the asset manager on Monday, August 10th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 3rd. This is a 11.2% increase from Blackstone’s previous quarterly dividend of $1.16.

Blackstone has increased its dividend payment by an average of 0.2%per year over the last three years. Blackstone has a dividend payout ratio of 80.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Blackstone to earn $7.58 per share next year, which means the company should continue to be able to cover its $5.16 annual dividend with an expected future payout ratio of 68.1%.

Blackstone Stock Up 0.1%

Shares of NYSE BX opened at $128.18 on Friday. Blackstone has a 52-week low of $101.73 and a 52-week high of $190.09. The business’s 50 day moving average is $121.67 and its two-hundred day moving average is $123.87. The firm has a market cap of $95.22 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.42 and a beta of 1.58. The company has a quick ratio of 0.76, a current ratio of 0.72 and a debt-to-equity ratio of 0.63.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.18. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. Research analysts predict that Blackstone will post 6 EPS for the current year.

About Blackstone

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.