Wrong wrong wrong...what's amazing is that so many brokers and analysts are making the same mistake, merely multiplying last year's 4th quarter "partnership distribution" of 42 cents by 4 to come up with that highly erroneous number. With a share price of 19.63, using last year's distribution of 72 cents, the current yield would be 3.6-3.7%.
It is not correct. In the past BX would pay out 10 cents per quarter and then do a catch up with a larger year end div. Yahoo multiplies the catch up dividend by four generating the eronious yileld. That said, going foward BX will be paying out the catch up quarterly and you won't have to wait until next year to get the div. But I forget what the estimated dividend is. Anyone?
Not written in stone. Yahoo multiplies the last dividend by 4 and comes up with a yearly yield. Doubt if the
company itself looks at it that way. Proceed with caution if you are basing your decision on a 8.4 yield.