T. Rowe Price Group Declares Quarterly Dividend

(Neutral)

Rhea-AI Summary

T. Rowe Price Group has declared a quarterly dividend of $1.08 per share, payable on March 30, 2021. This represents a 20% increase from the previous dividend of $0.90 per share, marking the 35th consecutive year of annual dividend increases since its IPO. The record date for stockholders is March 16, 2021. As of December 31, 2020, T. Rowe Price manages $1.47 trillion in assets, providing a range of investment management services.

Positive

Quarterly dividend increased by 20% to $1.08 per share.
35 consecutive years of dividend growth post-IPO.
Total assets under management at $1.47 trillion as of December 31, 2020.

Negative

None.

News Market Reaction – TROW

+1.07%

+1.07% Session move

In the trading session that priced this news, TROW gained 1.07%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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02/09/2021 - 11:43 AM

BALTIMORE, Feb. 9, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.08 per share payable March 30, 2021 to stockholders of record as of the close of business on March 16, 2021. The quarterly dividend rate represents a 20% increase over the previous quarterly dividend rate of $0.90 per share. This will mark the 35th 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 $1.47 trillion in assets under management as of December 31, 2020. 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:http://www.prnewswire.com/news-releases/t-rowe-price-group-declares-quarterly-dividend-301225113.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is the dividend amount declared by TROW?

T. Rowe Price Group declared a dividend of $1.08 per share.

When will the dividend be paid by TROW?

The dividend will be paid on March 30, 2021.

What is the record date for TROW's dividend?

The record date for the dividend is March 16, 2021.

How much has TROW increased its dividend?

T. Rowe Price increased its dividend by 20% from the previous rate.

How many years has TROW increased its dividend?

T. Rowe Price has increased its dividend for 35 consecutive years.