BlackRock Raises Dividend, Share Buyback Authorization
25 Janeiro 2023 - 04:56PM
Dow Jones News
By Kathryn Hardison
BlackRock Inc.'s board of directors approved a 2.5% increase to
its quarterly cash dividend and raised its share buyback
authorization.
The financial group said Wednesday that its new dividend is $5
per share, up from its prior dividend of $4.88.
The new dividend payout, equal to $20 a year, represents an
annual yield of about 2.7% based on Tuesday's closing price of
$752.07.
The new dividend is payable March 23 to shareholders of record
at the close of business March 7.
The BlackRock board also increased its existing share repurchase
program by an additional 7 million shares. The program now has an
authorization to repurchase up to 7.9 million shares.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
January 25, 2023 14:41 ET (19:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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