BlackRock (BLK) To Go Ex-Dividend on September 8th

BlackRock (NYSE:BLK) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of 5.73 per share by the asset manager on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, September 8th.

BlackRock has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. BlackRock has a payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect BlackRock to earn $64.15 per share next year, which means the company should continue to be able to cover its $22.92 annual dividend with an expected future payout ratio of 35.7%.

BlackRock Stock Down 1.7%

NYSE BLK opened at $1,039.14 on Friday. The company has a market cap of $161.06 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.19 and a beta of 1.43. BlackRock has a 1-year low of $917.39 and a 1-year high of $1,219.94. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $1,030.01 and a 200-day moving average of $1,041.96.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.69 by $1.22. BlackRock had a return on equity of 15.01% and a net margin of 24.09%.The firm had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the prior year, the company posted $12.05 EPS. The company’s revenue was up 30.6% compared to the same quarter last year. On average, equities research analysts expect that BlackRock will post 55.63 earnings per share for the current fiscal year.

BlackRock Company Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.