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BlackRock Announces 28% Dividend Increase
By Martin | March 4, 2010
BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $1.00 per share of common stock, increasing the dividend $0.22 per share, or 28%, from the prior quarter’s dividend of $0.78 per share. The dividend is payable March 23, 2010 to shareholders of record at the close of business on March 8, 2010.
“Today’s dividend increase demonstrates the power of our business model and reflects BlackRock’s enhanced financial and strategic position since closing our merger with Barclays Global Investors in December 2009,” stated Laurence D. Fink, Chairman and Chief Executive Officer.
The Board of Directors reviews BlackRock’s dividend policy annually at its regularly scheduled first quarter meeting.
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