These companies offer solid return prospects and above-average yields.The S&P 500 includes world-class companies with solid return prospects, but income investors might be dissatisfied with the index's current average yield of 1.3% -- the lowest in over 20 years.Some of the best companies in the index demonstrate solid business performance while also offering better dividend yields. Here are two such stocks that have what it takes to continue rewarding investors for years to come.1. Coca-ColaCoca-Cola (KO 1 ...

Richard Drury As I suspected months ago, Blackstone Mortgage Trust, Inc. (NYSE:BXMT) finally decided to cut its dividend amid continual problems in its loan portfolio. Blackstone Mortgage suffered a further decline in its performing loan percentage in the second quarter and chose to respond to the resulting deterioration of its portfolio quality by cutting its dividend by 24%. The move will save the company some cash, approximately $100M annually, and the distribution coverage metrics are set to improve as ...

Andrii Yalanskyi/iStock via Getty Images Life happens fast in the stock market. In our coverage of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in June, we highlighted the risks that were front and center and suggested investors stick with the bonds rather than chase high-yield. Of course, the reason you have made far less money than even this 7% a year is that the stock trades at a wide discount to NAV versus what it did at inception. But regardless of that observation, we think the 8% yield to maturity ...

NoDerog Introduction If you ever played Monopoly, you probably know there's a point in the game where you know it's game over. Once someone has bought enough hotels, it's over for the others. The moment someone has enough cash flow, they become invincible, capable of withstanding any "rent" charges, and able to buy any property that's for sale. Although the real world is very different from the Monopoly game, it feels like the Blackstone Inc. (NYSE:BX) figured out how to get ahead many years ago, as it ...

Loading...Loading...Blackstone Inc BX reported an increase in earnings for its second quarter fiscal year 2024 on Thursday.The company posted adjusted revenues of $2.796 billion, beating the consensus of $2.619 billion. Distributable earnings per share of 96 cents (+3% Y/Y), missing the consensus of 98 cents, according to data from Benzinga Pro.Asset under management rose 7% Y/Y to $1.076 trillion, with inflows of $39.4 billion in the quarter.Blackstone declared a quarterly dividend per share of $0.82, paya ...

Blackstone Inc. (NYSE:BX) Q2 2024 Earnings Call Transcript July 18, 2024 9:00 AM ET Company Participants Steve Schwarzman - Chairman, CEO Jon Gray - President, Chief Operating Officer Michael Chae - Chief Financial Officer Weston Tucker - Head of Shareholder Relations Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Glenn Schorr - Evercore ISI Crispin Love - Piper Stanler Brian Bedell - Deutsche Bank Ken Worthington - JPMorgan Dan Fannon - Jefferies Benjamin Bu ...

Blackstone’s (BX) second-quarter 2024 distributable earnings of 96 cents per share lagged the Zacks Consensus Estimate of 99 cents. The figure reflects a decline of 3.2% from the prior-year quarter.Shares of the company lost 1.5% in the pre-market trading. However, a full day’s trading session will depict a clearer picture.Results were primarily hurt by an increase in GAAP expenses. Nevertheless, a rise in segment revenues and improvement in the assets under management (AUM) balance were tailwinds.Net incom ...

Blackstone Inc. (BX) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.03%. A quarter ago, it was expected that this investment manager would post earnings of $0.98 per share when it actually produced earnings of $0.98, delivering no surprise.Over the last four quarters, the company ...

Blackstone Reports Second Quarter 2024 Results New York, July 18, 2024: Blackstone (NYSE:BX) today reported its second quarter 2024 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, "We reported another quarter of strong results, underpinned by nearly $40 billion of inflows and $34 billion of deployment — reflecting the highest level of investment activity in two years. We are planting the seeds of future value creation. Blackstone is also in the early days of penetrating markets o ...

Blackstone (BX) is scheduled to report second-quarter 2024 results on Jul 18, before the opening bell. Its revenues and earnings are likely to have improved in the to-be-reported quarter on a year-over-year basis.In the last reported quarter, the company’s earnings were in line with the Zacks Consensus Estimate. Results benefited from a rise in segment revenues and improvement in the assets under management (AUM) balance. However, higher GAAP expenses hurt the results to some extent.Blackstone has a decent ...