v3.24.0.1
Capital Stock
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Capital Stock

22. Capital Stock

Cash Dividends for Common Shares / RSUs. During 2023, 2022 and 2021, the Company paid cash dividends of $20.00 per share (or $3.0 billion), $19.52 per share (or $3.0 billion) and $16.52 per share (or $2.5 billion), respectively.

Share Repurchases. In January 2023, the Company announced that the Board of Directors authorized the repurchase of an additional seven million shares under the Company's existing share repurchase program for a total of up to approximately 7.9 million shares of BlackRock common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including legal limitations, price and market conditions.

During 2023, the Company repurchased 2.2 million common shares under the Company’s existing share repurchase program for approximately $1.5 billion. At December 31, 2023, there were approximately 5.7 million shares still authorized to be repurchased under the program.

The Company’s common shares issued and outstanding and related activity consist of the following:

 

 

Shares Issued

 

 

Shares Outstanding

 

 

 

Common
Shares

 

 

Treasury
Common
Shares

 

 

Common
Shares

 

December 31, 2020

 

 

172,075,373

 

 

 

(19,542,488

)

 

 

152,532,885

 

Shares repurchased

 

 

 

 

 

(1,421,994

)

 

 

(1,421,994

)

Net issuance of common shares related
   to employee stock transactions

 

 

 

 

 

573,600

 

 

 

573,600

 

December 31, 2021

 

 

172,075,373

 

 

 

(20,390,882

)

 

 

151,684,491

 

Shares repurchased

 

 

 

 

 

(2,710,821

)

 

 

(2,710,821

)

Net issuance of common shares related
   to employee stock transactions

 

 

 

 

 

782,822

 

 

 

782,822

 

December 31, 2022

 

 

172,075,373

 

 

 

(22,318,881

)

 

 

149,756,492

 

Shares repurchased

 

 

 

 

 

(2,176,538

)

 

 

(2,176,538

)

Net issuance of common shares related
   to employee stock transactions

 

 

 

 

 

920,120

 

 

 

920,120

 

December 31, 2023

 

 

172,075,373

 

 

 

(23,575,299

)

 

 

148,500,074