"...declared a quarterly distribution of 42 cents per common unit..."
Did anybody else see that? Are they reporting it correctly? Am I reading that right? If so, that's 72 cents per common unit for the year, or just over 4% yield. Nice head fake yesterday at the close - players playing, and positions closing...looks like simply holding may have been the play.
Good luck, longs...never know how this psycho market will manipulate BX next...
Blackstone has declared a quarterly distribution of $0.42 per common unit to record holders of common units at the close of business on February 11, 2013. This distribution will be paid on February 19, 2013.
For 2013, Blackstone intends to increase its base quarterly distribution to $0.12 per unit, up 20% from $0.10 per unit. Any excess net cash available for distribution to common unitholders will also be distributed each quarter as earned. The move to accelerate distributions, rather than rely on a final quarterly "true-up" distribution, is designed to better align distributions with current Distributable Earnings.