BlackRock gains after earnings beat; dividend hike

|By:, SA News Editor

The quarterly dividend is boosted by 15% to $1.93 per share for an annualized yield of 2.47%. $250M of share repurchases brings total to $1B for the year.

Q4 EPS of $4.92 is up 24% Y/Y. Operating margin of 42.7% is up 10 basis points from a year ago.

Total inflows of $40.5B during Q, with iShares inflows of $19.1B.

CC at 8:30 ET

BLK +3.5% premarket