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BlackRock (BLK) today announced that its board of directors had declared a quarterly cash dividend of $2.50 per share of common stock.

The dividend is payable on June 23 to shareholders of record at the close of business on June 5.

Shares of BlackRock closed over 2.5% on Thursday.

Stocks have rebounded following a sharp sell off last week. Jim Cramer believes the rebound is real and gives investors advice on how to play the market going forward.

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