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BLK BlackRock Inc

780.92
6.28 (0.81%)
08 May 2024 - Closed
Delayed by 15 minutes
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
  6.28 0.81% 780.92 786.27 776.68 780.47 777,420 01:00:00

BlackRock Raises Dividend 2% to $5.10

12/01/2024 11:43am

Dow Jones News


BlackRock (NYSE:BLK)
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From Nov 2023 to May 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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