Schedule monthly income from dividend stocks with a monthly payment frequency. 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. 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. BlackRock, Inc.’s (BLK) ex-dividend date is September 7, 2023, which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. BlackRock’s payout ratio of 57.5% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 33.4%, BlackRock’s payout ratio is 72% higher.
I anticipate that it has the potential to outperform the market and deliver impressive returns during the next decade. Since that inaugural dividend payment in 2003, BlackRock has achieved an impressive CAGR of 16.2%, recently reaching a dividend of $5.00 per share. And don’t be misled; even in the past five years, the growth has only marginally slowed to a CAGR of 11.6%. This suggests that the company is well-positioned to continue raising dividends, especially as short-term difficulties subside, heading into 2024.
BlackRock (BLK)
If we compare it with the Financial Services sector average of 3.6%, BlackRock’s dividend yield is 21% lower. Historically BLK’s dividend yield has averaged at 2.6% in the last 5 years, which is less than the current one. Historically, BlackRock’s total returns have been closely tied to positive equity market performance. 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.
What particularly excites me about the company is its consistent profitability. In a time when many companies faced earnings volatility, especially in 2022, BlackRock has maintained remarkably stable profit margins. Over the past decade, they’ve consistently averaged a GAAP Operating Margin of 38%. It’s worth noting that 2022 and 2023 were the years that actually brought down this average by roughly -1% due to lower revenue, even though expenses remained relatively constant. BlackRock has been delivering a very reliable and stable performance over the past 10 years, the company has grown its top-line at the rate of CAGR 5.15%. Looking into the next decade the analysts are forecasting that the growth is going to be at the similar rate of CAGR 5.20%.
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This trading strategy invovles purchasing a stock just before the ex-dividend date in order to collect the dividend and then selling after the stock price has recovered. BlackRock’s most recent quarterly dividend payment of $5.00 per share was made to shareholders on Friday, June 23, 2023. BlackRock’s next quarterly dividend payment of $5.00 per share will be made to shareholders on Friday, September 22, 2023. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.
The dividend schedule below includes dividend amounts, payment dates and ex-dividend dates for BlackRock. BlackRock issues dividends to shareholders from excess cash the company generates. Most companies pay dividends on a quarterly basis, but dividends may also be paid monthly, annually or at irregular intervals. Statista is actually forecasting substantial growth in the wealth management industry, with a projected compound annual growth rate CAGR of 6.14% between 2023 and 2027.
It’s no secret that the combination of high inflation and the Federal Reserve’s aggressive 500 basis point rate hikes have had a significant impact on wealth management firms. This impact is evident via a stock price performance, which has shown increased volatility but has gone virtually nowhere in last 12 months. And since the stock price has gone up by 0.1% from a year ago, the dividend yield has increased by 6%.
If that comes the fruition, the company is expected to reach $30.18 billion in revenue by the end of 2032, which represents an increase from the expected 2023 year end revenue of 66%. In Q2, the majority of revenue, specifically 77%, was derived from Base Fees, with the remaining 23% generated through sources such as Security Lending, Performance Fees, Technology Service Revenue, and others. Although Base Fees in Q2 decreased by $101 million YoY, there is now visible a reversal in the trend.
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.
- What particularly excites me about the company is its consistent profitability.
- However, as recent interactions with the SEC have shown, there are challenges on the road ahead, and it may be some time before BlackRock successfully enters this market.
- Over the past three years, the company’s dividend has grown by an average of 13.93% per year.
- Looking into the next decade the analysts are forecasting that the growth is going to be at the similar rate of CAGR 5.20%.
To project BlackRock’s Fair Value, I’m leaning on the revenue projections previously discussed. The anticipation is that by the conclusion of 2032, the company will reach a Revenue figure of approximately $30.18 billion and an Operating Income of around $12.07 billion. I base this on what I consider a conservative assumption, expecting the company to experience a CAGR of 5.15% over the next decade.
How much dividend does BlackRock pay (per share)?
Another noteworthy aspect is BlackRock’s active engagement in share buybacks. Starting back in 2014, the company has effectively repurchased about 12.66% of its diluted shares. What’s even interesting is that BlackRock has recently given itself the green light for further buybacks, allowing the company to repurchase an additional 7.9 million shares. This amounts to approximately 5.18% of the total outstanding shares and will be executed at a later date.
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. trade silver 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.
I’d like to delve into the quarterly revenue breakdown to shed light on the origins of BlackRock’s revenue. The cornerstone of BlackRock’s revenue stream lies heavily in the base fees it charges for its Equity and Fixed Income offerings, making the AUM the primary catalyst for these fees. Currently, the company manages approximately $9.43 trillion in AUM, making it the largest asset manager on the planet. It’s worth noting that the company’s AUM had actually reached its peak in 2021, surpassing $10.01 trillion, but has since declined.
Dividend Yield and Dividend History Highlights
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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.
Furthermore, as BlackRock matures and its Revenue growth outpaces its Expense growth, I foresee an increase in the Operating Margin, growing from its current 36.2% to 40% by the close of 2032. If we’re solely considering the Forward PE ratio, in my view, BlackRock appears to be reasonably valued at the moment. However, it’s important to note that this metric doesn’t take into account its superior expected growth rate beyond the next fiscal year. With that in mind, let’s shift our focus to the DCF model for a more comprehensive evaluation.
Therefore, if you anticipate overall market underperformance in the next decade, including in fixed income, it may be prudent to reconsider this investment option. BlackRock has a rich history of pioneering innovation in the financial markets, such as making ETFs more accessible to the general public with exceptionally low fees. 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. However, as recent interactions with the SEC have shown, there are challenges on the road ahead, and it may be some time before BlackRock successfully enters this market. On this page, you can find information about the latest dividend payment by BlackRock company and the forthcoming one.
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Generate fixed income from corporates that prioritize environmental, social and governance responsibility. Customized to investor preferences for risk tolerance and income vs returns mix. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The last reported dividend for BlackRock (BLK) was $5.00 and was paid out next on September 22, 2023.
There is no information presently available about BlackRock, Inc.’s next dividend payment date. This could indicate that the dividend announcement is pending or that BlackRock, Inc. does not distribute dividends to its shareholders. BlackRock, Inc. (BLK) dividend payments per share are an average of 9.66% over the past 12 months, 12.55% over the past 36 months, 12.93% over the past 60 months, and 12.00% over the past 120 months. BlackRock’s dividend yield of 2.85% is lower than the Financial Services sector, the industry and its peers average.
