Blackstone (NYSE:BX) today reported its fourth quarter and full year 2019 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “2019 was a momentous year for Blackstone and our shareholders. In addition to delivering another year of outstanding results, we converted to a corporation, allowing a vastly wider universe of investors to own our stock. We continued to expand our leading investment platforms into new areas, driving $134 billion of capital inflows during the year, and enabling us to deploy $63 billion – both records for the firm. We ended the year with $571 billion of Assets Under Management, also a record and up 21% year-over-year, including $104 billion of perpetual capital. As we enter the new decade, the outlook has never been stronger, with Blackstone positioned as the clear reference institution in the fast-growing alternatives sector.
” Blackstone issued a full detailed presentation of its fourth quarter and full year 2019 results, which can be viewed at www.blackstone.com.
Dividend
Blackstone has declared a quarterly dividend of $0.61 per common share to record holders of common shares at the close of business on February 10, 2020. This dividend will be paid on February 18, 2020.
About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $571 billion in assets under management, include investment vehicles focused on 2 private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
