Blackstone Give Capital Gains And Increased Dividends

Blackstone, whose investments include The Weather Channel, Pinnacle Foods and SeaWorld Parks & Entertainment, reported on January 31, 2013, that economic net income ((ENI)), a metric of its profitability that takes into account the current market valuation of its portfolio, was $670 million, up 43% from a year ago.

For 2013, Blackstone intends to increase its base quarterly distribution to $0.12 per unit, up 20% from $0.10 per unit. At its current stock price, Blackstone has a dividend yield of 2.6% for 2013, excluding any extra cash distributions. Analysts are projecting that Blackstone will dole out around $1.38 in distributions in 2014. This equates to a dividend yield of 7.3% based on the current stock price.

Source: Seeking Alpha

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