Blackstone Inc. (NYSE:BX) Shareholders to Receive $1.12 Quarterly Dividend

Blackstone Inc. (NYSE:BX) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be paid a dividend of $1.12 per share by the asset manager on Monday, November 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 2nd. This is a 13.2% decrease from Blackstone’s previous quarterly dividend of $1.29.

Blackstone has raised its dividend payment by an average of 0.2% annually over the last three years. Blackstone has a payout ratio of 70.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Blackstone to earn $7.41 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 60.5%.

Blackstone Stock Down 1.8%

Shares of NYSE BX opened at $118.46 on Friday. Blackstone has a 52 week low of $101.73 and a 52 week high of $165.14. The business has a 50-day simple moving average of $122.66 and a two-hundred day simple moving average of $124.46. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 0.68. The company has a market cap of $88.92 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.53 and a beta of 1.59.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. Blackstone had a return on equity of 23.16% and a net margin of 22.11%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Blackstone will post 5.89 earnings per share for the current fiscal year.

Blackstone Company Profile

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.