BlackRock Announces 9% Increase in Quarterly Common Stock Dividend

BlackRock, Inc. BLK today announced that its Board of Directors approved a nine percent increase in the company's quarterly common stock dividend, to $1.50 per share from $1.375 per share. The dividend is payable on March 23, 2012 to shareholders of record as of March 7, 2012. BlackRock's Board of Directors also approved an increase in the availability under the company's existing share repurchase program to allow for the repurchase of up to 5.0 million shares of BlackRock common stock.