BlackRock, Inc. (NYSE: BLK) today announced that its Board of Directors approved a nine percent increase in the company’s quarterly common stock dividend, to $1.50 per share from $1.375 per share. The dividend is payable on March 23, 2012 to shareholders of record as of March 7, 2012. BlackRock’s Board of Directors also approved an increase in the availability under the company’s existing share repurchase program to allow for the repurchase of up to 5.0 million shares of BlackRock common stock. “The Board’s decision to further increase the dividend and our share repurchase capacity reinforces our collective confidence in BlackRock’s financial strength and the diversity of our earnings model as well as our continued commitment to delivering strong shareholder value,” said Laurence D. Fink, Chairman and Chief Executive Officer. “Today’s announcement reflects our focus on returning a meaningful amount of cash to shareholders through both dividends as well as share repurchases.” The share repurchase program provides for repurchase of BlackRock’s common shares in the open market or in privately negotiated transactions, from time to time, depending on market conditions and at the discretion of management. The program, which has no stated expiration date, was originally approved in July 2010, and prior to this approval, had approximately 3.6 million shares of remaining authorization as of December 31, 2011. About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2011, BlackRock’s AUM was $3.345 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of September 30, 2011, the firm has approximately 10,200 employees in 27 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia, and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com. Forward-looking Statements This press release, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.