Investment management house BlackRock announced yesterday its second-quarter dividend of $1.68 per share, the same rate it paid last quarter after raising the payout 12%, from $1.50 per share.
The board of directors said the quarterly dividend is payable on June 24 to the holders of record at the close of business on June 7. BlackRock has paid a quarterly dividend every year since 2003 and has increased the payout every year in that time frame save for during the financial crisis in 2009 when it held it steady at $0.78 per share.
The regular dividend payment equates to a $6.72-per-share annual dividend, yielding 2.4% based on the closing price of BlackRock's stock on May 30.
The article BlackRock Dividend Steady as a Rock originally appeared on Fool.com.
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