BlackRock (BLK) Stock

BlackRock is adjusting some of its funds that offer the highest returns. Today, we will focus on a fund with a 13% yield that is currently in the spotlight: the tech-oriented BlackRock Innovation and Growth Term Trust (BIGZ).

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK) has announced that its Board of Directors has approved a 2% rise in the quarterly cash dividend, bringing it to $5.21 per share of common stock. This dividend will be paid on March 24, 2025, to shareholders who are on record by the end of business on March 7, 2025. BlackRock aims to enhance financial well-being for more individuals and serves as a fiduciary to investors while providing advanced financial technology.

Here is the information: TSX (Toronto Stock Exchange) and the symbol is CVD.

TORONTO, January 27, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited, a fully-owned subsidiary of BlackRock, Inc. (NYSE: BLK), has announced the final cash distributions for the iShares Premium Money Market ETF for January 2025. Those who are unitholders as of January 28, 2025, will receive their cash distributions on January 31, 2025.

TCPC has some risks due to its low dividend coverage, high non-accruals, and large debt maturities, but its current low valuation helps reduce potential losses. The company's focus on first-lien debt and floating interest rates means it is affected by changes in interest rates, which can influence its net interest income and dividend per share coverage. Even with possible cuts to dividends, TCPC's yield could still be appealing for investors who have locked in a good yield-on-cost.

On Thursday, Bitcoin faced challenges as there were no significant cryptocurrency policy updates from Donald Trump, even though Larry Fink had a positive outlook. The price of Bitcoin fell by 1.4% to US$102,188, moving further away from its peak of over US$108,500 reached on Monday before Trump's inauguration.

Larry Fink, the CEO of BlackRock, mentioned that Trump's attempts to boost investment in the private sector might lead to higher inflation and negatively impact the stock market.

People in the industry are concerned that the popularity of the president's meme coin could damage the reputation they have built over time.

Four of BlackRock's nine investment trusts in the UK, including the BlackRock World Mining Trust and BlackRock American Income Trust, have announced that they have made deals with Saba Capital. In exchange, the US activist hedge fund has promised not to engage in any aggressive actions for the next two and a half years.