Insights into Blackstone’s Dividend Distribution
Blackstone Group (BX) announced a quarterly dividend of $0.54 per share in July 2017, to be paid in August 2017. In April 2017, the company announced a quarterly dividend of $0.87 per share, which was paid in May 2017. In July 2017, the company’s quarterly distribution fell 38.0% from April 2017. In January 2017, the company had a quarterly dividend of $0.47 per share, which was paid in February 2017.
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Blackstone’s (BX) DE (distributable earnings) in 2Q17 were $781.0 million, which was a substantial rise of 58.0% YoY.
Average dividend yield
- KKR & Co. (KKR): 7.0%
- Ameriprise Financial Services (AMP): 2.2%
- Apollo Global Management (APO): 5.1%
Blackstone (BX) currently has a payout ratio of 75.3%, which is higher than its peers with the following payout ratios: