BlackRock Dividend Increase
On 15 January, BlackRock (BLK) increased its dividend by 9.98%, from $5.21 to $5.73 per share.
The dividend is payable on 24 March to shareholders of record on 6
March.
BLK’s contribution to DivGro’s projected annual dividend income will
increase by $31.20 to $343.80.
I own 15 shares of BLK at an average cost basis of $385.90 per share. Following this increase, my yield on cost
is 5.94%. (BLK’s forward yield is 2.08% at $1,103.54 per share).
Since I opened my position in December 2018, the stock has delivered a total return of 218%, including $1,875 in dividends.
That’s a superb annualized rate of return of 17.6%!
BLK became DivGro’s 29th Home Run stock in January 2021 when the stock doubled my original capital
outlay.
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $16.52 | $19.52 | $20.00 | $20.40 | $20.84 | ⬆ | $22.92✝ |
| 13.77% | 18.16% | 2.46% | 2.00% | 2.16% | ⬆ | 9.98% |
| 5-year DGR: | 7.49% | ⬇ |
6.77% |
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✝projected, assuming no further changes
