Blackstone Mortgage Trust Inc declares 0.62 Dividend
THOMSON REUTERS STREET EVENTS 12:18 AM ET 6/16/2016
Symbol Last Price Change
BXMT 27.8386down -0.0514 (-0.18%)
QUOTES AS OF 11:13:42 AM ET 06/16/2016
On June 15, 2016 the board of directors at Blackstone Mortgage Trust Inc(BXMT) approved a dividend of 0.62 per share. The dividend is payable on July 15, 2016 to shareholders of record on June 30, 2016.
Steven Smigle of Raymond James this morning reiterates an Outperform rating on NXP. He thinks the company got a good deal for the unit:
We think a 2.3x selling price based on the past four quarters sales is a generous offer for a business that shrunk in revenue by 3% in 2015 and overall had low margins (NXP was targeting for the standards products to have a 30-34% gross margin and a 20-24% operating margin). Other recent take-outs of discrete semiconductor companies include Infineon paying 2.7x last 12 months sales for International Rectifier in 2014 and ON’s upcoming acquisition of Fairchild in which it agreed to pay 1.7x last 12 month sales. This deal comes right in the middle of these two. We think the Chinese consortium likely paid the premium due to the limited supply of quality standard products businesses left to takeover.
In a banner year for deal activity by Chinese buyers, NXP Semiconductors NV NXPI, -1.16% has struck another asset-sale pact with Jianguang Asset Management Co.
The chip company has agreed to sell its Standard Products unit to state-owned investment firm Jianguang and private-equity firm Wise Road Capital for about $2.75 billion.
Just over six months ago, NXP sold its RF Power unit to Jianguang for $1.8 billion, a deal that helped clear the way for NXP’s purchase of Freescale Semiconductor Ltd.
The Standard Products business had 2015 revenue of $1.24 billion. NXP’s total revenue in 2015 was $6.1 billion, a figure that included about one month of Freescale results. The Standard Products operations include discrete, logic and PowerMOS chips.
still owns 17 million shares..need to give shareholders a better payout in this difficult market.. Brixit will be a big event maybe..
BX has a lot of deals in the works..just dont know when they will be finalized and contribute to earnings...
you are a fool saying that.. Call the CFO.. He knows I own the stock and have called him several times...people like you making assumptions are not worth listening to...or really explaining anything. you have a one sided view..
making new lows on HIGH VOLUME.. You think no one knows about this company???? they see the salaries, 12% loans and see that they are looking out for themselves...Seems like no one is valuing this company except for some posters here.. I am stuck with big losses.. I will say what I think..
management needs to see the feedback about their management..are you listening IPCI?? best to write them or call.. They need a reality check
sorry..didnt buy then :)......BX has done great really in asset performance, etc.. Market very difficult with negative interest rates.People are very scared as you noted Soros and Icahn news about shorting the market.. doesntt help with Briexit coming up.. always lots of uncertainties.. I am holding of course..
Disgusted at management.. tell they to reduce their salaries and pay off the ridiculous 12% loan greedy people ..Think they read the posts here???? call them..
If management believes in this company let them reduce their salaries and pay off that judicious 12% loan...they are not looking out for us losers..they forced the stock offering partly due to that..
name calling wont solve any problem..I am sure I am way smarter than you...you make a statement without knowing who I am..typical poster..you didnt address my concerns..another typical poster..you dont keep me from posting..sorry.. Been in this stock a long time..