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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BlackRock Inc | NYSE:BLK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,025.11 | 86 | 10:43:11 |
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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