Blackstone Mortgage reduces dividend to 47c from 62c per share

Katie Keenan, Chief Executive Officer, said, “We believe stockholder return is well served by balancing current return with optimization of book value and long-term earnings potential through our strategic capital allocation decisions. We assess the dividend with the Board each quarter, prudently considering a variety of factors, and our Board has declared a third quarter dividend of 47c per share, which we believe reflects a sustainable level relative to long-term earnings power. With strong liquidity, accelerating repayments, and an emerging investment pipeline, BXMT is well positioned to deploy capital accretively in this environment and continue its forward trajectory through the cycle.”In addition, BXMT declared a dividend of 47c per share of class A common stock with respect to the third quarter of 2024. This dividend is payable on October 15, to stockholders of record as of September 30.