Blackstone (NYSE:BX) has reported its second quarter 2024 results, revealing strong performance with nearly $40 billion of inflows and $34 billion of deployment, marking the highest level of investment activity in two years. The company's quarterly dividend has been declared at $0.82 per share, and it is scheduled to be paid on August 5, 2024.
In the second quarter of 2024, Blackstone's total inflows amounted to nearly $40 billion, representing a significant increase from the previous period. The company also deployed $34 billion, reflecting a substantial surge in investment activity compared to the prior quarter.
Furthermore, Blackstone announced a quarterly dividend of $0.82 per share, indicating a stable dividend payout compared to the previous period.
Additionally, the company highlighted its focus on penetrating markets with enormous potential as a key solutions provider to clients and partners globally, particularly through large-scale investments in critical digital and energy infrastructure supporting the artificial intelligence revolution.
Blackstone's performance underscores its position as the world's largest alternative asset manager, with more than $1 trillion in assets under management, including global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.
For investors seeking further insights into Blackstone's second quarter 2024 results, the company has provided a detailed presentation, available for viewing on its website.
Today the company's shares have moved 1.4% to a price of $136.81. Check out the company's full 8-K submission here.
