NEW YORK - BlackRock, Inc. (NYSE:BLK), the global investment management corporation, has declared a 2% increase in its quarterly cash dividend. The new dividend, set at $5.21 per share, is scheduled for payment on March 24,

BlackRock (BLK) announced that its board of directors approved a 2% increase in the quarterly cash dividend to $5.21 per share of common stock,

BlackRock's board has given the go ahead to raise the asset manager's quarterly dividend 2.2%. The company said Wednesday its payout will rise to $5.21 a share, payable March 24 to shareholders of record at the close of business March 7.