BX Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
BX Payout Ratio by year
Yearly range of BX’s payout ratio from 2016 to 2026. Over the full period it ranged from 38.2% to 5,965.0%, averaging 253.9%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 88.2% | 99.5% | 110.7% | 88.2% |
| 2025 | 85.3% | 94.6% | 105.4% | 105.4% |
| 2024 | 57.0% | 65.7% | 77.5% | 77.5% |
| 2023 | 65.7% | 77.6% | 89.0% | 65.7% |
| 2022 | 60.2% | 68.2% | 82.8% | 60.2% |
| 2021 | 43.4% | 54.0% | 66.1% | 66.1% |
| 2020 | 38.2% | 55.0% | 73.3% | 73.3% |
| 2019 | 49.4% | 59.2% | 68.2% | 68.2% |
| 2018 | 5,965.0% | 5,965.0% | 5,965.0% | 5,965.0% |
| 2016 | 62.8% | 62.8% | 62.8% | 62.8% |
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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.