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


(END) Dow Jones Newswires

January 21, 2021 13:26 ET (18:26 GMT)

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