The world's largest asset manager, BlackRock (NYSE: BLK), has one of the highest dividend payouts you'll see on the market.

BlackRock pays out an astronomical $5 per share dividend per quarter, or $20 per share per year. Why is its dividend so high, and is it a good stock to own for income investors?

There are two primary reasons BlackRock's dividend is so high, and the first is simply its stock price. BlackRock is currently trading for around $695 per share, which is a pretty high at a per share level. As the dividend yield is the percentage of the stock's current price, the higher the share price, the higher the dividend will be. 

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Source Fool.com