(Bloomberg) -- BlackRock Inc., the world’s biggest money manager, said fourth-quarter profit increased 22% as investor deposits boosted client assets and fees for managing them.

Net income rose to $841 million, or $4.86 a share, from $690 million, or $3.93, a year earlier, the New York-based company said today in a statement. Adjusted profit of $4.92 beat the $4.33 a share average estimate of 19 analysts surveyed by Bloomberg, excluding certain items. BlackRock increased its quarterly dividend by 15% to $1.93 per share.

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