“Founded in 1985, The Blackstone Group L.P. (BX - yield 6.00%) is one of the world’s largest private equity investors. ... Formerly privately held, Blackstone went public as a limited partnership in June 2007. In recent news, Blackstone invested $2 billion in Cheniere Energy Partners, an MLP involved in building terminals and other facilities required to liquefy natural gas for export abroad.
“Unlike most U.S.- based firms, Blackstone does not pay even quarterly dividends. Instead, it pays $0.10 per share quarterly distributions in June, September and December. Then, it pays an amount based on the previous year’s distributable earnings in the March quarter. For the 12 months ending with its March 2012 dividend, Blackstone paid $0.52 per share. Based on that payout, Blackstone’s yield, at 3.4%, won’t knock your socks off. However, analysts are forecasting around 40% dividend growth over the next 12 months.”
Harry Domash, Dividend Detective, March 19, 2012
