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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Blackstone Group (NYSE: BX) is tomorrow, November 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $14.58 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Blackstone Group has been 2.6 million shares per day over the past 30 days. Blackstone Group has a market cap of $7.67 billion and is part of the financial sector and financial services industry. Shares are up 3.8% 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. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The company has a P/E ratio of 85.9, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Blackstone Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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.

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

5 Tech Companies That Could Be Targeted by Private Equity

5 Tech Companies That Could Be Targeted by Private Equity

Walmart's Quarter and Outlook Probably Have Wall Street Confused

Walmart's Quarter and Outlook Probably Have Wall Street Confused

Blame Amazon for Walmart's Surprising 2018 Outlook

Blame Amazon for Walmart's Surprising 2018 Outlook

Blackstone Group's Byron Wien: Investors Need Complacency Beaten Out of Them

Blackstone Group's Byron Wien: Investors Need Complacency Beaten Out of Them

Quick Tips: Now What Should Investors Do?

Quick Tips: Now What Should Investors Do?