NEW YORK (

TheStreet

) -- The ex-dividend date for

BlackRock Inc

(NYSE:

BLK

) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.38 per share. At a price of $167.35 as of 9:31 a.m. ET, the dividend yield is 3.4%.

The average volume for BlackRock has been 907,500 shares per day over the past 30 days. BlackRock has a market cap of $28.8 billion and is part of the

financial

sector and

financial services

industry. Shares are down 11.8% year to date as of the close of trading on Monday.

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. The company has a P/E ratio of 13.1, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates BlackRock as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

BlackRock Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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