Blackrock (BLK) will raise its quarterly dividend by 9.2 percent to $2.50 per share. The increased dividend will be paid on March 23, 2017, to shareholders of record at the close of business on March 6, 2017.

BlackRock, Inc. provides investment management, risk management and advisory services for institutional and retail clients. Its products include iShares exchange-traded funds (ETFs).  The company also offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name. The company went public in 1999 and has paid a dividend every year since 2003.