BlackRock Declares Quarterly Dividend of $5.00 on Common Stock

Board Authorizes Share Repurchase of up to 7 Million Additional Shares

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors approved a 2.5% increase in the quarterly cash dividend to $5.00 per share of common stock, payable March 23, 2023 to shareholders of record at the close of business on March 7, 2023.

BlackRock’s Board of Directors also authorized the repurchase of an additional 7 million shares under the Company’s existing share repurchase program for a total of up to approximately 7.9 million shares of BlackRock common stock.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate