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

NEW YORK ( TheStreet) -- The ex-dividend date for Blackstone Group (NYSE: BX) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $12.80 as of 9:59 a.m. ET, the dividend yield is 3.1%.

The average volume for Blackstone Group has been 4.1 million shares per day over the past 30 days. Blackstone Group has a market cap of $6.6 billion and is part of the financial sector and financial services industry. Shares are down 7.9% year to date as of the close of trading on Wednesday.

The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It 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 strengths can be seen in multiple areas, such as its impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Blackstone Group Ratings Report.

See our dividend calendar or top-yielding stocks list.

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