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What You Can Expect from Blackstone in 2017

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Part 6
What You Can Expect from Blackstone in 2017 PART 6 OF 8

Blackstone’s Distributions to Rise in 2017

Rising distributions

Blackstone (BX) is expected to report dividend of $2.47 for 2017. Management has a positive outlook for distributable earnings, which should, in turn, lead to rising distributions. Blackstone’s distributable earnings are expected to rise in the coming quarters on the back of expected realizations in the company’s private equity and real estate divisions. The company’s core-plus fund in the real estate business should generate cash incentive fees in 2H17, which would, in turn, lead to rising distributable earnings in 2H17. Blackstone plans to distribute dividends on a quarterly basis of around 85% of the company’s distributable earnings after adjusting the amounts required in the business, which are determined by the company’s general partners.

Blackstone’s Distributions to Rise in 2017

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In 1Q17, the company declared a dividend of $0.87 per common unit. This dividend was paid on May 8, 2017. Since the company’s initial public offer or IPO, it distributed $14 per common unit. In 1Q17, the company’s distributable earnings stood at $1.2 billion, mainly due to higher realizations.

Higher dividend yields

Blackstone’s (BX) dividend yield is higher than alternative asset managers (XLF). Blackstone’s dividend yield stood at 10.46%. Its peers had the following dividend yields.

  • BlackRock (BLK): 2.36%
  • Apollo Global Management (APO): 7.43%
  • KKR & Co. LP (KKR): 3.69%
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