Previous close | 96.71 |
Open | 95.71 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 800 |
Day's range | 94.51 - 97.09 |
52-week range | 71.72 - 138.29 |
Volume | |
Avg. volume | 5,722,034 |
Market cap | 114.151B |
Beta (5Y monthly) | 1.44 |
PE ratio (TTM) | 17.29 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 4.94 (5.29%) |
Ex-dividend date | 28 Oct 2022 |
1y target est | N/A |
Shares of leading alternative asset managers Blackstone (NYSE: BX), Brookfield (NYSE: BN)(NYSE: BAM), and KKR (NYSE: KKR) have gotten hammered over the past year. A big factor weighing on their shares has been the potential impact of rising interest rates on institutional investors' appetite for the alternative investments they manage.
The catch, of course, is that you have to spend some money buying dividend-paying stocks in order to benefit from the passive income those stocks consistently generate. Three dividend stocks to consider are Blackstone (NYSE: BX), Artisan Partners Asset Management (NYSE: APAM), and Federal Realty Investment Trust (NYSE: FRT). With an average yield of 4.94% between the three at the moment, a $10,121 investment split evenly between these three could net you $500 a year (before taxes).
Shares of Blackstone (NYSE: BX) rallied 29.3% in January, according to data provided by S&P Global Market Intelligence. The leading alternative asset manager benefited from securing a major investment for its non-traded REIT, Blackstone Real Estate Income Trust (BREIT), which had been weighing on its stock following a surge in redemption requests. Blackstone also reported strong fourth-quarter results last month.