BlackRock Declares Quarterly Dividend of $5.00 on Common Stock

Rhea-AI Summary

BlackRock, Inc. (NYSE:BLK) has announced a 2.5% increase in its quarterly cash dividend, raising it to $5.00 per share, payable on March 23, 2023, to shareholders of record by March 7, 2023. Additionally, the Board has authorized the repurchase of up to 7 million shares under its existing repurchase program, bringing the total authorization to approximately 7.9 million shares. This move signals BlackRock's commitment to returning value to shareholders and reflects confidence in the company's financial health.

Positive

• Quarterly cash dividend increased by 2.5% to $5.00 per share.
• Share repurchase authorization increased to approximately 7.9 million shares, enhancing shareholder value.

Negative

• None.

Board Authorizes Share Repurchase of up to 7 Million Additional Shares

NEW YORK--(BUSINESS WIRE)-- BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors approved a 2.5% increase in the quarterly cash dividend to $5.00 per share of common stock, payable March 23, 2023 to shareholders of record at the close of business on March 7, 2023.

BlackRock’s Board of Directors also authorized the repurchase of an additional 7 million shares under the Company’s existing share repurchase program for a total of up to approximately 7.9 million shares of BlackRock common stock.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005717/en/

Investor Relations

Caroline Rodda

212-810-3442

caroline.rodda@blackrock.com

Media Relations

Brian Beades

212-810-5596

brian.beades@blackrock.com

 

Source: BlackRock

FAQ

What is the new dividend amount for BlackRock (BLK) shares?

The new dividend amount for BlackRock shares is $5.00 per share.

When will BlackRock's dividend be paid?

BlackRock's dividend will be paid on March 23, 2023.

What is the record date for BlackRock's dividend?

The record date for BlackRock's dividend is March 7, 2023.

How many shares can BlackRock repurchase?

BlackRock is authorized to repurchase up to approximately 7.9 million shares.