Year-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.