Dividend Growth Stocks to Buy: Blackstone Group
The Blackstone Group (BX) is one of the largest alternative asset managers in the world today. The company offers and manages hedge funds and private equity funds, and also has credit and advisory services for the other companies in the industry. The firm saw its asset under management grow to record levels on 2013, and there is no reason Blackstone shouldn’t continue that trend going forward.
In the aftermath of the credit crisis and real estate collapse the firm has concentrated on building up its real estate investment business, and that is now the largest component of the firm. The profit potential for the investments bought at very low levels is enormous, and the incentive fees they earn on those funds will be passed onto investors in the form of dividends in the future.
BX stock yields 4% at current prices, and Blackstone more than doubled its annual payout from 2012 to 2013. Moreover, the firm is expected to grow the payout by more than 15% annually for the next several years at least — putting Blackstone firmly among a group of dividend growth stocks you should consider snapping up.