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

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) declared a quarterly dividend on Monday, September 15th, RTT News reports. Investors 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) dividend on an annualized basis and a yield of 9.6%.

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 Stock Performance

Blackstone Mortgage Trust stock traded down $0.01 during midday trading on Monday, reaching $19.52. 704,727 shares of the company's stock were exchanged, compared to its average volume of 784,781. Blackstone Mortgage Trust has a 52 week low of $16.51 and a 52 week high of $21.24. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -278.79 and a beta of 1.16. The stock's 50-day simple moving average is $19.34 and its 200 day simple moving average is $19.31.

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.

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