BlackRock: Dividend Insights
Portfolio Pulse from Benzinga Insights
BlackRock (NYSE:BLK) has announced a quarterly dividend of $5.0 per share, with Tuesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Wednesday and is expected to open $5.0 lower to reflect the payout. Shareholders owning BLK by the end of Tuesday will receive the dividend on December 22, 2023.
December 01, 2023 | 2:45 pm
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BlackRock is set to pay a $5.0 per share quarterly dividend. The stock will likely open $5.0 lower on the ex-dividend date, reflecting the payout.
The stock price is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the payout is reflected in the stock's price. This is a short-term impact and does not necessarily reflect the company's long-term value.
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