BLK Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
BLK Payout Ratio by year
Yearly range of BLK’s payout ratio from 2016 to 2026. Over the full period it ranged from 44.8% to 155.4%, averaging 72.8%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 98.9% | 127.1% | 155.4% | 155.4% |
| 2025 | 81.0% | 85.9% | 97.0% | 97.0% |
| 2024 | 68.1% | 73.3% | 78.9% | 68.1% |
| 2023 | 65.8% | 74.9% | 79.0% | 78.6% |
| 2022 | 57.2% | 62.8% | 67.0% | 67.0% |
| 2021 | 52.4% | 57.1% | 60.8% | 55.7% |
| 2020 | 63.5% | 83.0% | 110.5% | 63.5% |
| 2019 | 72.1% | 87.3% | 108.0% | 79.1% |
| 2018 | 45.8% | 52.2% | 67.4% | 67.4% |
| 2017 | 44.8% | 50.6% | 64.1% | 44.8% |
| 2016 | 75.0% | 75.8% | 76.7% | 75.0% |
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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.