According to my calculations, the estimated Fair Value for the company today is $744, suggesting an undervaluation of approximately 6.5% compared to today’s price of $696. In terms of geographical diversification, the company’s footprint is predominantly in the Americas, accounting for 67% of AUM and 65% of Base Fees. Additionally, BlackRock has a presence in the EMEA region, representing 25% of total AUM, and the Asia Pacific region with 8% AUM. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. (“Mergent”) Copyright © 2014. All stock quotes on this website should be considered as having a 24-hour delay. ETFs and funds that prioritize investments based on environmental, social and governance responsibility.
BlackRock, Inc. pays a quarterly dividend of $ 5.00 per share, with an annual dividend of $ 19.52 per share. The dividend yield, which is the ratio of the dividend to the stock price, is around 0.72% as of last payment date . The last BlackRock, Inc. (BLK) dividend payout was $ 5.00 per BLK share on September 7, 2023, resulting in a 0.72% dividend yield. BlackRock, Inc. (BLK) distributes dividends on Quarterly basis and has been consistently increasing dividends for 14 years (since 2009). The dividend payout increased by an average of 15.45% per year during this time period.
As anticipated, BlackRock faced a challenging start to 2023 due to the decline in AUM, which directly impacts the company’s earnings, particularly through its Base Fees, constituting 77% of their revenue. Build conviction from in-depth coverage of the best dividend stocks. The next Blackrock Inc. dividend went ex 6 days ago for 500c and will be paid in 9 days. The previous Blackrock Inc. dividend was 500c and it went ex 3 months ago and it was paid 3 months ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.1. BlackRock, Inc.’s next dividend payment will be on September 22, 2023.
Does BlackRock pay a good dividend?
Since Q1 2023, BlackRock has reported an increase of $92 million in Base Fees, reinforcing my belief in the company’s recovery. Despite the somewhat underwhelming performance in terms of Revenue and Operating Margin, there was a notable 28% increase in EPS, reaching $9.06. This impressive EPS growth outperformed analysts’ expectations by $0.81, largely due to a substantial boost in non-operating income during the current quarter. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- If we’re solely considering the Forward PE ratio, in my view, BlackRock appears to be reasonably valued at the moment.
- Their announcement of a cryptocurrency ETF proposal sent a resounding message that BlackRock is determined to wield a significant influence in shaping the future of digital assets and capitalizing on the opportunity.
- Generate fixed income from corporates that prioritize environmental, social and governance responsibility.
- With most countries around the world steering clear of anticipated recessions and stock markets delivering positive returns, BlackRock is on a promising path to recovery, building momentum as we approach 2024.
This positioning bodes well for BlackRock, especially considering the trend of more individuals entering the market, which initially gained momentum at the onset of the COVID-19 pandemic. That being said, the expectations were already set quite low for Q based on the prior year. Despite this, BlackRock, like many others, hasn’t delivered impressive results. However, in my opinion, as we move through the remainder of 2023, the outlook may remain challenging, but I see a turning point on the horizon in 2024.
Does BlackRock pay a dividend?
BlackRock’s most recent quarterly dividend was on Sep 7, 2023 (ex-date) with a cash dividend payment of $5 per share. On an annualized basis, the company has a current payout of $19.88 per share. This brings the dividend yield to 2.85% based on its recent close price.
- Investors have been withdrawing funds from their investments, resulting in a decrease in AUMs for companies such as BlackRock.
- BlackRock’s most recent quarterly dividend payment of $5.00 per share was made to shareholders on Friday, June 23, 2023.
- However, in my opinion, as we move through the remainder of 2023, the outlook may remain challenging, but I see a turning point on the horizon in 2024.
- Over the past decade, they’ve consistently averaged a GAAP Operating Margin of 38%.
- BlackRock, Inc. (BLK) has a 58.04% payout ratio, which may leave the company with limited retained earnings, which could potentially impact its ability to reinvest in the business.
- An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
What I find particularly appealing is Blackrock’s robust diversification across various client types, product offerings, and geographic regions. This diversity underscores the company’s strong fundamental position. Notably, AUM are spread out, with 57% attributed to Institutional Investors, 33% in ETFs, and 10% in Retail clients.
BLK Dividend Summary
After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. The most recent change in the company’s dividend was an increase of $0.12 on Wednesday, January 25, 2023. BlackRock has increased its dividend for the past 14 consecutive years. Over the past three years, the company’s dividend has grown by an average of 13.93% per year.
Sometimes the information about the future might be not yet available since the dividends have not been declared or approved. In this case, we will share a forecast — but only if we have such data (you can also check this information in the DivPort section). In the right part, forex trading strategies you can calculate how much you would earn in dividends if you had a certain number of shares. BlackRock, Inc.’s last dividend payout was on Sep 22, 2023, with shareholders receiving $ 5.00 per BLK share. Please note that the dividend policy of a company can change over time.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend. The industry with the best average Zacks Rank would be considered https://bigbostrade.com/ the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
BlackRock, Inc.’s last ex-dividend date, which is the date by which investors must own the stock to receive the dividend, was Sep 8, 2023. View advanced dividend insights and history for in-depth analysis of
historical dividend payouts and performance. BlackRock’s dividend yield is less than the Financial Services sector average. It’s entirely feasible that they could reach an Operating Margin of 40% by 2032, especially since they’ve already achieved this level between 2013 and 2015.
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However, 2023 signifies a year of recovery, with net inflows totaling $190 billion, indicating a positive trajectory for the company’s AUM. As inflation continued to rise in developed nations and central banks worked to bring it down to the long-term targets of 2% for FED and ECB, the market experienced a notable downturn in 2022. Fears of economic destabilization and the looming threat of a recession caused widespread concern. Unfortunately, asset and wealth management firms have not been immune to this trend. Investors have been withdrawing funds from their investments, resulting in a decrease in AUMs for companies such as BlackRock. Nevertheless, it’s essential to consider that historically, BlackRock’s performance has closely correlated with positive market returns, particularly during the period from 2010 to 2023.
If this scenario materializes, the company could potentially generate over $12 billion in Operating Income by the end of 2032. See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Discover dividend stocks matching your investment objectives with our advanced screening tools. The last dividend paid out to investors was $5.00 on September 22, 2023. BlackRock, Inc.’s (BLK) quarterly dividend per share was $5.00 as of September 22, 2023.
BlackRock Dividend 2023
In a world grappling with elevated inflation and rising interest rates on a global scale, the business models of asset and wealth management firms, including BlackRock, have faced challenges. Many individuals have been withdrawing their investments, resulting in a decline in AUM for companies like BlackRock. However, there’s a positive shift in this trend, with BlackRock reporting higher AUM in Q compared to 2022.
BLK Dividend Growth CAGR
Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. BlackRock has an annual dividend of $20.00 per share, with a forward yield of 2.87%. The dividend is paid every three months and the last ex-dividend date was Sep 7, 2023. The BLK stock shareholders received the last dividend payment of $5.00 per share on September 22, 2023. Considering the current valuation, BlackRock presents an interesting investment opportunity.
In the earlier part of this summer, BlackRock released its Q earnings report. The company reported a Revenue of $4.46 billion USD, reflecting a 1% decline compared to the same period in the previous year. Additionally, the company disclosed a 3% decrease in Operating Income, with the GAAP Operating Margin slipping from 36.9% to 36.2%, driven by higher Operating Expenses in relation to the Revenue. BlackRock has a history of delivering strong and consistent growth, a trend that both analysts and I anticipate will persist over the next decade.