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NEW YORK - BlackRock, Inc. (NYSE:BLK), the world’s largest asset manager with a market capitalization of $172 billion, announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $5.21 per share of common stock. According to InvestingPro, BlackRock has raised its dividend for 15 consecutive years, with a current yield of 1.89%.
The dividend will be payable on September 23, 2025, to shareholders of record at the close of business on September 5, 2025, according to a company press release.
BlackRock describes itself as a fiduciary to investors and a provider of financial technology that helps people build savings through making investing more accessible and affordable.
The company’s stock trades on the New York Stock Exchange under the ticker symbol BLK. Based on InvestingPro’s Fair Value analysis, the stock appears to be fairly valued, with 8 additional exclusive ProTips and comprehensive research available for subscribers.
In other recent news, BlackRock Inc. reported strong financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $12.05, exceeding the forecasted $10.6, and reported revenue of $5.42 billion, slightly above the expected $5.41 billion. In a separate development, BlackRock is leading a consortium in advanced discussions to acquire a $10 billion stake in Saudi Aramco’s Jafurah natural gas project. The deal, involving BlackRock’s Global Infrastructure Partners unit, could be finalized soon. Additionally, BlackRock’s stock price target was lowered to $1,215 by Keefe, Bruyette & Woods, citing margin pressure, although the firm maintained its Outperform rating. This adjustment came after BlackRock’s earnings report, which KBW described as a "lower quality" beat due to higher non-operating income. Furthermore, BlackRock has advised its employees traveling to China to use loaner phones and leave company laptops behind, reflecting growing concerns about operating in the region. These developments highlight BlackRock’s ongoing strategic maneuvers and operational adjustments.
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