Blackstone Inc. (BX) To Go Ex-Dividend on November 2nd

Blackstone Inc. (NYSE:BX) declared a quarterly dividend on Tuesday, October 20th. Investors of record on Monday, November 2nd will be given 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% per year over the last three years. Blackstone has a payout ratio of 70.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

NYSE:BX opened at $118.46 on Friday. The firm has a 50-day moving average price of $122.66 and a two-hundred day moving average price of $124.46. The company has a market capitalization of $88.92 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68. Blackstone has a twelve month low of $101.73 and a twelve month high of $165.14.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, October 22nd. The asset manager reported $1.32 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the business posted $0.80 EPS. The company’s revenue was down .8% on a year-over-year basis. As a group, research analysts expect 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.