Blackstone (BX) Doubles Profit, Announces Dividend Hike

April 16, 2015 3:59 PM

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Blackstone Group (BX) said first-quarter profit doubled on asset sales from its private equity and real estate units and announced its largest dividend ever, Investor’s Business daily reported.

The alternate asset management and financial service company's Q1 economic net income per share was $1.37, above the $1.04 that analysts polled by Thomson Reuters were expecting. Overall economic net income was up 99% vs. a year ago to $1.62 billion.

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