Sponsored By:

5 Sizzling Dividend Stocks So Far in 2013

These companies boast big payouts even after big runs

    View All  

Blackstone Group

Blackstone185 5 Sizzling Dividend Stocks So Far in 2013Year-to-date gains: 71%
Dividend yield: 4.4%

Private equity king Blackstone Group (BX) has continued its roaring comeback so far in 2013. BX came public in 2008 but the stock fell big-time as the financial crisis froze dealmaking. Since finding a bottom in 2009, though, Blackstone began chugging upward again, and took off this year to the tune of 71% year-to-date gains.

The giant private equity firm and financial services provider has nearly $230 billion assets under management as of the most recent quarter. It’s also a limited partnership, with the policy being that BX distributes all of its net after-tax earnings to shareholders, in excess of amounts determined by its limited partner.

Translation: Shareholders have been rewarded nicely. The company’s 2013 payouts, for example, tally a $1.18 annual dividend, good for a yield of nearly 4.4% even after the stock’s stellar run.

And considering BX is on pace to grow earnings at an eye-popping 16% per year long-term, there’s a good chance those delicious dividend will continue.

As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/dividend-stocks/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.