Blackstone Q4 Profit, AUM Climb; Declares Dividend

(RTTNews) - Alternative asset manager Blackstone Inc. (BX) reported Thursday that its fourth-quarter net income attributable was $703.87 million, compared to $151.80 million a year ago.

Net income per share grew to $0.92 from last year's $0.20.

Distributable earnings grew to $2.17 billion from last year's $1.39 billion.

Total revenues climbed to $3.08 billion from last year's $1.29 billion.

Total assets under management was $1.13 trillion, up 8 percent year-over-year.

Further, Blackstone declared a quarterly dividend of $1.44 per share to record holders as of February 10, payable on February 18.

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