BlackRock As of February 16, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
BLK $16.52 13.8% 10.0% 5.4%
Business yield Hike yrs 5 yr CAGR freq. paid since
Investment Management 2.3% 12 12.5% Quarter 2003
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Blackrock hikes dividend by 13.8%

BlackRock Inc. (BLK) will raise its quarterly dividend by 13.8 percent in 2021. This comes after a 10.0 percent hike to $3.63 per share announced in the first quarter of 2020. This will mark the investment management company's 12th consecutive year of dividend increases.

The increased dividend will be paid on March 23, 2021 to shareholders of record on March 5, 2021. The ex-date is March 4 and the new annualized dividend rate of $16.52 per share yields 2.2% at a stock price of $742.20 for BLK.

Blackrock will now pay an estimated $2.5 billion in dividends to shareholders annually. In the last 12 years the company has announced a double digit dividend hike nine times, including a 37.5 percent hike announced in 2011 and a 25.2 percent increase in 2018.

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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Mar 08 PEG 3.4% 0.0%
Mar 09 MGM 0.0% 0.0%
Mar 09 CI 2.0% 9900.0%
Mar 09 CME 1.9% 5.9%
Mar 09 OXY 0.2% 0.0%
Mar 09 VFC 2.4% 0.0%
Mar 09 HPQ 2.9% 0.0%
Mar 09 ANTM 1.6% 18.9%
Mar 09 TRV 2.3% 0.0%
Mar 09 FOX 1.4% 0.0%