BlackRock is one of the world’s largest asset managers, providing financial services to millions of individuals, businesses, and institutions. Founded in 1988 by eight partners, BlackRock is now one of the largest asset management firms in the world, with over $6.84 trillion in assets under management as of 2020. As one of the world’s largest publicly traded companies, BlackRock’s stock price has seen tremendous growth over the years. Let’s take a look at BlackRock’s stock price history and understand how it has performed in the markets.
BlackRock’s Price Performance in the Markets
BlackRock’s stock price began trading on the New York Stock Exchange in 1999. Since then, the stock price has seen tremendous growth. In the year 2000, BlackRock’s stock price was trading at around $11 per share. By 2016, the stock price had grown to $375 per share. At the time of writing, BlackRock’s stock price is trading at around $719 per share. This represents a growth of over 6500% in just over 20 years.
Factors Affecting BlackRock Stock Price
BlackRock’s stock price is affected by a variety of factors. The company’s financial performance, macroeconomic trends, investor sentiment, and the overall performance of the stock market are all factors that can affect the stock price. For example, when the stock market goes up, BlackRock’s stock price tends to go up as well. Additionally, when the company releases strong financial results, the stock price usually increases.
BlackRock’s Dividend History
BlackRock pays out a quarterly dividend to its shareholders. The company has been paying a dividend since 2002 and has increased the dividend every year since then. In 2020, the company increased its quarterly dividend by 8.7%, from $2.50 per share to $2.72 per share. This represents an annual dividend yield of 1.86%.
BlackRock’s Stock Split History
BlackRock has undergone three stock splits since it began trading on the New York Stock Exchange in 1999. The first stock split occurred in 2000 when the company split its stock 2-for-1. The second stock split occurred in 2003 when the company split its stock 3-for-2. The most recent stock split occurred in 2020 when the company split its stock 2-for-1.
Conclusion
BlackRock’s stock price has seen tremendous growth over the years. The company has paid a dividend every year since 2002 and has undergone three stock splits since 1999. The company’s stock price is affected by a variety of factors, including its financial performance, macroeconomic trends, investor sentiment, and the overall performance of the stock market. Understanding the factors that affect BlackRock’s stock price can help investors make more informed decisions.