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News

What BlackRock's Earnings Mean for Mutual Fund Investors (BLK)

Shauna O'Brien Jan 15, 2015



BLK’s Q4 Results


The company reported earnings of $813 million, or $4.77 per share, down from $841 million, or $4.86 per share, a year ago. Excluding special items, earnings were $4.82 per share – above analysts’ view of $4.70 per share.

Revenue
Revenue came in at $2.784 billion, compared to $2.778 billion last year. Analysts expected to see $2.89 billion in revenue.

Dividend Boost
BLK also announced that it has raised its dividend by 13% to $2.18 per share quarterly. The stock now yields around 2.5%.


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