Blackstone Raises Dividend, Joins $35B Anthropic Chip Deal, EPS Estimates Cut

Dividend Increase and Key Dates

Blackstone (BX) declared a variable quarterly dividend of $1.29 per share, up from $1.16 in the prior quarter. The ex-dividend date is August 3, 2026, with payment on August 10, 2026. Based on the current stock price, the forward dividend yield is approximately 4.2%. The dividend is tied to earnings and realized gains, reflecting the company's performance.

AI Chip Financing and Portfolio Highlights

Blackstone joined a $35 billion chip financing deal for Anthropic, an AI company. Nine of Blackstone's top 10 gains are linked to AI investments, including stakes in Anthropic, CoreWeave, and data-center assets. The firm has formed a dedicated AI-focused unit to capitalize on this sector.

Earnings Estimates and Stock Performance

The mean EPS estimate for Blackstone is $1.35, with a range of $1.26 to $1.42. Eight analysts have cut their estimates in the past 30 days. The stock rose 4.4% in the last quarter but is down 20.3% year-to-date. The 12-month price target is $137, compared to the recent close of $122.82.

Private Credit Deal

Blackstone led approximately $400 million in private loan financing to support Harvest Partners' buyout of Integra Testing Services, an HVAC firm. Blackstone acted as the lead lender in this large private credit deal tied to a leveraged buyout.

What It Means for Income Investors

Blackstone's dividend increase signals confidence in its cash flow generation, though the variable nature means payouts can fluctuate. The company's AI investments and private credit activities provide diversification, but recent EPS estimate cuts warrant monitoring. For dividend history, see Blackstone's dividend history and use the dividend calculator to project income.

Reporting based on: TradingView. Figures verified against market data where available.