Roundup: BlackRock board, stock dividend, new index

- Wednesday, September 28, 2011

Roundup: BlackRock board, stock dividend, new index

US fund manager BlackRock (NYSE: BLK) has selected Marco Antonio "Tony" Slim Domit, the son of Mexican magnate Carlos Slim, as its newest board member, according to a company press release.

Domit is currently president and chairman of the Inbursa financial group and, in his position, supervises affiliate retail and commercial bank, life and P&C insurance, and stock and investment services in more than 18 countries.

With Domit's appointment, BlackRock board has 17 members, 10 of whom are independent from the company.

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BlackRock also announced in a press release a quarterly dividend of US$1.375 a share to be paid out by December 23 to all stockholders with registered operations as of December 5.

At end-June, the company managed investment and risk assets for up to US$3.66bn.

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Dow Jones Indexes and Spain's BBVA (NYSE: BBVA) have launched a stock index series named Dow Jones BBVA EAGLEs (Emerging and Growth-Leading Economies), a press release from the latter said.

This new index will include two market indicators, called Dow Jones BBVA EAGLEs Index and Dow Jones BBVA EAGLEs Optimized Index, aimed at measuring stock yields of the top 50 EAGLEs companies. Brazil and Mexico are the two Latin American countries in the 10 that make up the EAGLE nations.

To read the full release, in Spanish, go to this link.