BlackRock Lifts Quarterly Dividend 14%
January 21 2021 - 1:41PM
Dow Jones News
By Robb M. Stewart
BlackRock Inc. will boost its quarterly dividend 14% in the wake
of a surge in the money-management giant's profit in the last three
months of last year.
BlackRock on Thursday said its board approved a quarterly payout
of $4.13 a share.
Last week, the company posted a rise in fourth-quarter profit of
$1.5 billion, or $10.02 a share, from $1.3 billion, or $8.29 a
share, a year earlier. Revenue for the period climbed 14% to about
$4.5 billion.
The dividend will be paid March 23 to shareholders of record at
the close of business March 5, BlackRock said.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
January 21, 2021 13:26 ET (18:26 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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