Blackstone Group Stock To Go Ex-dividend Tomorrow (BX)

NEW YORK ( TheStreet) -- The ex-dividend date for Blackstone Group (NYSE: BX) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $15.14 as of 9:30 a.m. ET, the dividend yield is 5.8%.

The average volume for Blackstone Group has been 2.8 million shares per day over the past 30 days. Blackstone Group has a market cap of $7.72 billion and is part of the financial sector and financial services industry. Shares are up 7.8% year to date as of the close of trading on Friday.

The Blackstone Group, L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The company operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory.

TheStreet Ratings rates Blackstone Group as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Blackstone Group Ratings Report.

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