NEWS: Shares of investment manager BlackRock are rising in Thursday premarket trading as the investment manager's fourth-quarter adjusted earnings easily beat Wall Street's view as the value of assets it managed for its clients rose. The company also boosted its quarterly dividend by 15 percent. DETAILS: BlackRock is raising its quarterly dividend to $1.93 per share from $1.68 per share. The dividend will be paid on March 24 to shareholders of record on March 7 . The New York company had $4.32 trillion in fourth-quarter assets under management, the value of the assets BlackRock invests for its customers. That's a 14 percent increase from the $3.79 trillion in the prior-year period. BlackRock's clients include big institutional investors such as pension funds, hedge funds and investment managers, and wealthy individuals. NUMBERS: BlackRock earned $841 million , or $4.86 per share, for the quarter, up from $690 million , or $3.93 per share, a year earlier. Removing certain items, earnings were $4.92 per share. Revenue rose 9 percent to $2.78 billion from $2.54 billion . Analysts surveyed by FactSet expected earnings of $4.32 per share on revenue of $2.68 billion . For the year, BlackRock earned $2.93 billion , or $16.87 per share. In the previous year it earned $2.46 billion , or $13.79 per share. Annual revenue increased 9 percent to $10.18 billion from $9.34 billion . STOCK: BlackRock Inc.'s stock jumped $14.25 , or 4.6 percent, to $327 in premarket trading about 90 minutes before the market open.
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