A Bull Market Is Coming: 1 Top Dividend Stock to Buy Before the Rally
Blackstone (NYSE: BX) has gotten bludgeoned by the current bear market in stocks. Shares of the leading alternative asset manager have tumbled more than 40% from their high since the market's peak last year.
While the bear market has proved challenging for Blackstone, it will ultimately give way to a new bull market. That eventual upturn is a big catalyst for Blackstone and its big-time dividend. Here's why the stock could rally sharply in the next bull run.
Blackstone has two core revenue drivers: asset management fees and performance revenues. The company generates recurring management and advisory fees for managing investments for clients. As assets under management grow, fee-related income flows higher.
Source Fool.com
