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BLK Blackrock CDR

27.41
0.44 (1.63%)
20 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Blackrock CDR NEO:BLK NEO Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.44 1.63% 27.41 21.50 30.00 27.48 26.74 26.74 6,380 22:30:01

BlackRock Raises Dividend 2% to $5.10

12/01/2024 11:43am

Dow Jones News


Blackrock CDR (NEO:BLK)
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From Dec 2023 to Dec 2024

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By Ben Glickman

 

BlackRock raised its quarterly dividend by 2% after its assets under management topped $10 trillion for the second time in its history.

The asset manager said Friday it was raising its payout to shareholders to $5.10 a share from $5 a share.

The new dividend, equal to $20.40 a year, represents an annual yield of 2.57% based on Thursday's closing price of $792.61. BlackRock last lifted its payout in January 2023, when it raised its dividend to $5 from $4.88.

BlackRock said on Friday it would acquire private-equity firm Global Infrastructure Partners for about $12.5 billion in cash and stock.

Chief Executive Larry Fink said BlackRock was entering this year with $10 trillion in assets under management and accelerating flows.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

January 12, 2024 06:28 ET (11:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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