Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Plans Quarterly Dividend of $0.47

Key Points

• Blackstone Mortgage Trust, Inc. has declared a quarterly dividend of $0.47 per share, with a dividend yield of 9.6%, to be paid on October 15th to investors of record as of September 30th.
• The company has a payout ratio of 104.4%, indicating it is currently unable to cover its dividend solely with earnings and is relying on its balance sheet.
• Blackstone Mortgage Trust's stock is trading at $19.52, with a market capitalization of $3.35 billion and notable 52-week price range between $16.51 and $21.24.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.47 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 30th.

Blackstone Mortgage Trust has a payout ratio of 104.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Blackstone Mortgage Trust Trading Down 0.6%

Shares of BXMT stock traded down $0.12 during trading hours on Friday, reaching $19.33. The company's stock had a trading volume of 5,291,841 shares, compared to its average volume of 853,076. Blackstone Mortgage Trust has a one year low of $16.51 and a one year high of $21.24. The stock has a market capitalization of $3.32 billion, a P/E ratio of -276.14 and a beta of 1.16. The firm's fifty day simple moving average is $19.30 and its 200 day simple moving average is $19.30.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.