Published on 22 Apr 2024 on Simply Wall St. via Yahoo Finance

Don't Buy Blackstone Inc. (NYSE:BX) For Its Next Dividend Without Doing These Checks

Blackstone Inc. (NYSE:BX) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase Blackstone's shares before the 26th of April in order to receive the dividend, which the company will pay on the 6th of May.

The company's next dividend payment will be US$0.83 per share. Last year, in total, the company distributed US$3.35 to shareholders. Last year's total dividend payments show that Blackstone has a trailing yield of 2.8% on the current share price of US$118.40. If you buy this business for its dividend, you should have an idea of whether Blackstone's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.