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Blackstone profits fall but stock rises 4% as dividend tied to assets under management.

Market News
22 Oct 2026
24/7 Wall Street
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Blackstone profits fall but stock rises 4% as dividend tied to assets under management.

Blackstone reported a profit decline due to slower dealmaking and market challenges, yet its stock rose 4% because dividends depend on assets under management (AUM), which grew to a record $1.35 trillion. The company pays about 85% of distributable earnings as dividends, causing fluctuations with profits. Compared to Franklin Templeton and Invesco, Blackstone's dividend is less predictable but offers a higher yield. Investors should watch for income variability tied to market conditions and investment exits.

As of Oct 23, 2026 02:31 WIB, Blackstone's stock on Pluang is up 8.20% at USD 118.56, trading closer to its 52-week low of USD 102.12 than its high of USD 163.50, with a dividend yield of 4.77%. In contrast, Franklin Resources and Invesco are down 0.54% and 1.68% respectively, with lower dividend yields of 4.17% and 2.94%. This highlights Blackstone's higher yield but also its stock's greater volatility compared to its peers.

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