Blackrock (BLK) will raise its quarterly dividend by 5.4 percent to $3.30 per share in the first quarter of 2019. This will mark the investment management company's 10th consecutive year of dividend increases.

The increased dividend will be paid on March 21, 2019 to shareholders of record on March 6, 2019. The ex-date is March 5 and the new annualized dividend rate of $13.20 per share yields 3.2% at a stock price of $419.45 for BLK.

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.