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Insights into Blackstone’s Dividend Distribution

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Declining 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.

Blackstone’s (BX) DE (distributable earnings) in 2Q17 were $781.0 million, which was a substantial rise of 58.0% YoY.

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Average dividend yield

Blackstone’s (BX) five-year average dividend yield is 5.8%. The five-year average dividend yields for alternative asset managers (XLF) are as follows:

  • KKR & Co. (KKR): 7.0%
  • Ameriprise Financial Services (AMP): 2.2%
  • Apollo Global Management (APO): 5.1%

Payout ratios

Blackstone (BX) currently has a payout ratio of 75.3%, which is higher than its peers with the following payout ratios:

  • KKR & Co. (KKR): 34.8%
  • Ameriprise Financial Services (AMP): 36.4%
  • Apollo Global Management (APO): 46.6%
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