5 Best Long-Term Dividend Stocks

4. BlackRock, Inc. (NYSE:BLK)

Dividend Yield as of July 18: 3.21%

BlackRock, Inc. (NYSE:BLK) is a New York-based multinational investment management company. It provides investment, advisory, and risk management solutions to consumers. At the end of June, the company had $10 trillion in assets under management.

BlackRock, Inc. (NYSE:BLK) froze its dividends during the financial crisis of 2008 but raised its payouts every year since then. In the last five years, the company raised its dividends at a CAGR of 13%. It pays less than 45% of its earnings in dividends, which shows that the company’s payments are safe. BlackRock, Inc. (NYSE:BLK) pays a quarterly dividend of $4.88 per share, raising it by 18% in January. As of July 18, the stock’s dividend yield came in at 3.21%.

In July, UBS lowered its price target on BlackRock, Inc. (NYSE:BLK) to $718 but kept a Buy rating on the shares, highlighting the Q2 market pullback.

At the end of Q1 2022, 49 hedge funds tracked by Insider Monkey owned stakes in BlackRock, Inc. (NYSE:BLK), the same as in the previous quarter. The combined value of these stakes is over $1.8 billion, compared with $1.5 billion worth of stakes owned by hedge funds in Q4 2021.

Carillon Tower Advisers mentioned BlackRock, Inc. (NYSE:BLK) in its Q1 2022 investor letter. Here is what the firm has to say:

“BlackRock (NYSE:BLK) shares underperformed due to a decline in equity market performance. As a reminder, market weakness typically drives assets under management lower, which in turn leads to lower revenues.”