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, April 25, 2013. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $20.25 as of 9:30 a.m. ET, the dividend yield is 4.6%.

The average volume for Blackstone Group has been 5.3 million shares per day over the past 30 days. Blackstone Group has a market cap of $11.19 billion and is part of the financial sector and financial services industry. Shares are up 30% 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 49.2, 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 robust revenue growth, expanding profit margins, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Blackstone Group Ratings Report.

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