Mr. Norwood, you're smarter than Yahoo, TD Ameritrade, Scottrade, and BigCharts. They all have BX yield listed at 6.6% today, citing a dividend of 88 cents/year.
THE 22 cents MARCH DIVVY WAS ONE TIME ONLY!!!! The next divvy is a dime.
How can so many sources have this wrong? When I saw it in my TD Ameritrade account, I accepted it as fact. Yahoo, Scottrade, Bigcharts, I expect them to make mistakes, but TD Ameritrade, I thought, had more integrity. Guess not.
BX Divvy is currently FIFTY-eight cents, not EIGHTY-eight cents, for the year.
The lesson here: trust nobody, and take NOTHING at face value anymore.
This is the one year history of dividends or return of investment has BX is calculated.
Nov 10, 2011 0.10 Dividend
Aug 11, 2011 0.10 Dividend
May 12, 2011 0.20 Dividend
Mar 11, 2011 0.32 Dividend
= 72 Cents per share
Nov 10, 2010 0.10 Dividend
Aug 11, 2010 0.10 Dividend
May 12, 2010 0.10 Dividend
Mar 11, 2010 0.30 Dividend
= 60 Cents per share
They did pay 12 cents more then 2010
which equals to 20% increase but they
use to pay 1.20 a year like 2008.
2008 the US financial system collapse
We are still in recovery mode. Let see
if there is another 20% increase plus a 20+ share price.
"What is Blackstone's distribution policy?
The declaration and payment of any distributions are at the sole discretion of the general partner and the general partner may change the distribution policy at any time. Blackstone's current intention is to distribute to its common unitholders substantially all of The Blackstone Group L.P.'s net after-tax share of annual Distributable Earnings in excess of amounts determined by Blackstone's general partner to be necessary or appropriate to provide for the conduct of the Partnership's business, to make appropriate investments in the business and funds, to comply with applicable law, any of Blackstone's debt instruments or other agreements, or to provide for future distributions to Blackstone's common unitholders for any ensuing quarter. Because Blackstone will not know what the Distributable Earnings will be for any fiscal year until the end of such year, the Partnership expects that the first three quarterly distributions in respect of any given year will be based on the anticipated annualized Net Fee Related Earnings only. As such, the distribution for the first three quarters will likely be smaller than the final quarterly distribution in respect of such year, which Blackstone expects to also include realized Performance Fees and Allocations net of related compensation and realized net investment income. In most years the aggregate amounts of distributions to unitholders will not equal Distributable Earnings for that year. Because the wholly-owned subsidiaries of The Blackstone Group L.P. must pay taxes and make payments under the tax receivable agreements described in Blackstone's SEC filings, the amounts ultimately distributed to common unitholders are expected to be different, and in many years likely less, on a per unit basis, than the amounts distributed by the Blackstone Holdings partnerships to the Blackstone personnel and others who are limited partners of the Blackstone Holdings partnerships in respect of their Blackstone Holdings partnership units."
Yes, it's perplexing isn't it?
The automated services just multiply the last divvy by four. A lot of commentators seem to trust those services. So a lot of misinformation gets passed around. I'm gathering, from the lack of alarm, that other than us BX investors aren't dividend-focused.
But what appeals to me about BX is that they do make that signficant distribution from earnings every year. It's not 6.6% but it's better than, say, Goldman Sachs.
Dividends are nice,but the real
concern here should be "what the
hell are they do with the billions
of dollars" so that the price of
the stock should be going down and
so far away from the IPO price.
Am sure that the insiders are
feeling no pain, their fat fees
are keeping them warm and well fed.