These High-Yielding Dividend Stocks are Already in the $1 Trillion Club and Have Plenty of Room to Keep Growing
Brookfield Asset Management (NYSE: BAM) and Blackstone Group (NYSE: BX) are two of the biggest alternative asset managers in the world. Each has already surpassed the milestone of having $1 trillion in assets under management (AUM). They generate very lucrative recurring fees for managing those assets on behalf of clients. That provides them with lots of cash to pay dividends. Brookfield's payout yields 3.6%, while Blackstone's yield is 2.4%. Despite their already massive sizes, Brookfield and Blackstone still have plenty of growth ahead. Because of that, they should have no trouble continuing to pay more money in dividends in the coming years.Continue reading
Brookfield Asset Management (NYSE: BAM) and Blackstone Group (NYSE: BX) are two of the biggest alternative asset managers in the world. Each has already surpassed the milestone of having $1 trillion in assets under management (AUM). They generate very lucrative recurring fees for managing those assets on behalf of clients.
That provides them with lots of cash to pay dividends. Brookfield's payout yields 3.6%, while Blackstone's yield is 2.4%.
Despite their already massive sizes, Brookfield and Blackstone still have plenty of growth ahead. Because of that, they should have no trouble continuing to pay more money in dividends in the coming years.
