This thing simply cannot gain traction. The stock appears to be little more than a trading vehicle, always selling off like mad after any moderate rally. And the 5-6% yield being thrown around with the upcoming 22 cent payout? As far as I know, the normal divvy is 10 cents, and the 22 cent payout is a one-time deal. That would put the yield at around 3%.
And BX is dropping like a stone I type - support at 15 about to crumble.
Even pessimists predict next earnings above $0.30 - which should allow company pay dividends. And with common market-industry improvement, we should have $16-$17 in a month or sooner. I am disappointed with recent performance too, but still believe in the stock. GOOD LUCK!!!
Meanwhile, the sector is enjoying a strong day in a tepid market.
BX = good company, lousy stock. And getting lousier by the second. Hey, what's that yield at now? Over 6%? Yeah, right. That's why it's selling off like crazy today, just before that dividend pay date.