BlackRock (NYSE:BLK) Declares Quarterly Dividend of $5.73

BlackRock (NYSE:BLKGet Free Report) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 5th will be paid a dividend of 5.73 per share by the asset manager on Tuesday, June 23rd. This represents a c) annualized dividend 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 raised its dividend every year for the last 16 years. BlackRock has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.3%

Shares of NYSE:BLK opened at $1,050.09 on Thursday. The company has a market cap of $163.01 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.35 and a beta of 1.44. The stock’s 50-day moving average is $1,013.75 and its 200-day moving average is $1,054.00. BlackRock has a 52-week low of $917.39 and a 52-week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09.

BlackRock (NYSE:BLKGet Free Report) last released its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.56 billion. During the same period last year, the business earned $9.64 earnings per share. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. Equities research analysts predict that BlackRock will post 52.77 earnings per share for the current year.

Key Headlines Impacting BlackRock

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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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