Why BlackRock Is a Retiree's Dream Stock
If you're a retiree, you probably want two things in your investments: steady returns and reliable dividend payouts. In this volatile market, those two requirements may even be more critical for many retirees. BlackRock (NYSE: BLK) delivers on both of those fronts. The world's largest asset management firm -- with $7.3 trillion in assets under management -- boasts strong returns and a solid dividend. Let's dig deeper into what makes BlackRock a a great stock for retirees.
First, let's look at the returns. BlackRock's stock price is up 18% this year, and over the past 10 years it has an annualized return of more than 13%. In both cases, it has outperformed its industry and the S&P 500. The firm has steadily increased its return on equity over the past 10 years, averaging about 13% per quarter over the past five years.
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Source Fool.com
