BlackRock (NYSE:BLK) Announces Quarterly Dividend of $5.21

BlackRock (NYSE:BLK) declared a quarterly dividend on Wednesday, November 19th. Shareholders of record on Friday, December 5th will be given a dividend of 5.21 per share by the asset manager on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, December 5th.

BlackRock has raised 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 payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Analysts expect BlackRock to earn $54.05 per share next year, which means the company should continue to be able to cover its $20.84 annual dividend with an expected future payout ratio of 38.6%.

BlackRock Price Performance

Shares of BLK stock traded down $4.61 on Wednesday, reaching $1,014.53. The company had a trading volume of 838,517 shares, compared to its average volume of 714,034. The business’s 50-day moving average is $1,124.02 and its 200 day moving average is $1,077.61. BlackRock has a one year low of $773.74 and a one year high of $1,219.94. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $157.41 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.22 billion. BlackRock had a return on equity of 15.36% and a net margin of 26.64%.BlackRock’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.46 earnings per share. Equities research analysts forecast that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.