Advertisement
Advertisement
distributable
[di-strib-yuht-uh-buhl]
adjective
able to be distributed; available for distribution.
Finance., remaining after tax has been paid on the gross amount of income, especially in corporate contexts.
Example Sentences
Distributable earnings, which represent the cash available to pay dividends to shareholders, fell to $1.2 billion in the quarter, from $1.4 billion a year earlier.
After-tax distributable earnings fell to $652.6 million from $851.2 million a year earlier.
That translated to after-tax distributable earnings per share of 73 cents, which was higher that the average Wall Street analyst estimate of 71 cents, according to Refinitiv data.
The company also expects higher distributable cash flow in 2023.
Blackstone Inc said on Thursday it became the first manager of alternative investments such as private equity and real estate to reach $1 trillion in assets, a milestone accompanied by news its second-quarter distributable earnings dropped 39% amid a slump in asset sales.
Advertisement
Advertisement
Advertisement
Advertisement
Browse