BlackRock (NYSE:BLK) Announces $5.73 Quarterly Dividend

BlackRock (NYSE:BLKGet Free Report) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 5th will be given a dividend of 5.73 per share by the asset manager on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 5th.

BlackRock has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. BlackRock has a dividend payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BlackRock to earn $60.99 per share next year, which means the company should continue to be able to cover its $22.92 annual dividend with an expected future payout ratio of 37.6%.

BlackRock Price Performance

BLK opened at $1,050.09 on Thursday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94. The stock has a fifty day moving average of $1,013.75 and a 200-day moving average of $1,054.00. The firm has a market capitalization of $163.01 billion, a P/E ratio of 26.36, a PEG ratio of 1.35 and a beta of 1.44.

BlackRock (NYSE:BLKGet Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same period last year, the company earned $9.64 earnings per share. BlackRock’s quarterly revenue was up 27.0% compared to the same quarter last year. Equities analysts forecast that BlackRock will post 52.77 EPS for the current fiscal year.

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BlackRock Company Profile

(Get Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

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Dividend History for BlackRock (NYSE:BLK)

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