T. ROWE PRICE GROUP DECLARES QUARTERLY DIVIDEND

(Neutral)

Rhea-AI Summary

T. Rowe Price Group (TROW) announced a quarterly dividend of $1.20 per share, payable on March 30, 2022. This reflects an 11.1% increase from the prior dividend of $1.08 per share. The company has now increased its regular annual dividend for 36 consecutive years since its IPO. As of December 31, 2021, T. Rowe Price managed $1.69 trillion in assets, indicating robust investment management capabilities.

Positive

Quarterly dividend increased by 11.1% to $1.20 per share.
36 consecutive years of increasing regular annual dividends.
Strong asset management with $1.69 trillion in assets under management.

Negative

None.

News Market Reaction – TROW

-0.37%

-0.37% Session move

In the trading session that priced this news, TROW declined 0.37%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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02/08/2022 - 12:43 PM

BALTIMORE, Feb. 8, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.20 per share payable March 30, 2022, to stockholders of record as of the close of business on March 15, 2022. The quarterly dividend rate represents an 11.1% increase over the previous quarterly dividend rate of $1.08 per share. This will mark the 36th consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.

ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.69 trillion in assets under management as of December 31, 2021. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-declares-quarterly-dividend-301477892.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is the new dividend amount declared by T. Rowe Price?

The new dividend amount is $1.20 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 30, 2022.

What was the previous quarterly dividend amount for T. Rowe Price?

The previous quarterly dividend was $1.08 per share.

How long has T. Rowe Price been increasing its dividends?

T. Rowe Price has increased its regular annual dividend for 36 consecutive years.

What are the total assets managed by T. Rowe Price?

As of December 31, 2021, T. Rowe Price managed $1.69 trillion in assets.