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, February 7, 2013. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $18.91 as of 9:30 a.m. ET, the dividend yield is 8.9%.

The average volume for Blackstone Group has been 4.6 million shares per day over the past 30 days. Blackstone Group has a market cap of $9.89 billion and is part of the financial sector and financial services industry. Shares are up 20.8% year to date as of the close of trading on Tuesday.

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 110.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Blackstone Group Ratings Report.

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