BlackRock Q4 Profit Misses Estimates; Ups Quarterly Dividend 5% - Quick Facts

(RTTNews) - BlackRock, Inc. (BLK) reported fourth-quarter net income to company of $861 million or $5.11 per share, compared to $813 million or $4.77 per share, prior year. Adjusted earnings per share was $4.75, for the quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $4.81 for the quarter. Analysts' estimates typically exclude special items. Revenue increased to $2.86 billion from $2.78 billion last year. Analysts expected revenue of $2.84 billion for the quarter.

BlackRock announced a 5% increase in quarterly cash dividend to $2.29 per share of common stock, payable March 23, 2016, to shareholders of record at the close of business on March 7, 2016.