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NEW YORK - BlackRock, Inc. (NYSE:BLK), the global investment management corporation, has declared a 2% increase in its quarterly cash dividend. The new dividend, set at $5.21 per share, is scheduled for payment on March 24, 2025, to shareholders on record as of March 7, 2025. The company currently offers a substantial 7.74% dividend yield, maintaining its position as a significant dividend payer with a 21-year track record of consecutive payments.
This announcement follows BlackRock’s ongoing efforts to provide value to its shareholders. With a P/E ratio of 10.31 and an overall "GOOD" financial health score according to InvestingPro, the company maintains a strong market position. The firm’s low volatility profile, indicated by a beta of 0.66, demonstrates its stability as a fiduciary to investors and provider of financial technology.
The dividend increase represents a continuation of BlackRock’s commitment to its shareholders and reflects the company’s stable financial position and confidence in its business model. InvestingPro analysis reveals several additional key metrics and insights available to subscribers.
As the world’s largest asset manager, BlackRock plays a significant role in the financial industry, offering a wide range of investment and technology services to help individuals and institutions build their savings and investment portfolios.
The information provided in this article is based on a press release statement from BlackRock.
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