Blackrock (BLK) will raise its quarterly dividend by 15.2 percent to $2.88 per share in the first quarter of 2018. The new dividend yield for BLK is 2.1%.
The increased dividend will be paid on March 22, 2018, to shareholders of record at the close of business on March 7, 2018. Last year Blackrock hiked its dividend by 9.2 percent.
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.
2023