T. Rowe Price Group Declares Quarterly Dividend

Rhea-AI Summary

T. Rowe Price Group, Inc. has declared a quarterly dividend of $0.90 per share, set for payment on September 29, 2020. This dividend will be awarded to shareholders of record as of the close of business on September 15, 2020. As of June 30, 2020, T. Rowe Price managed $1.22 trillion in assets, providing various investment services. The company is known for its disciplined investment approach, emphasizing diversification and fundamental research.

Positive

• Quarterly dividend of $0.90 per share, reflecting a commitment to returning value to shareholders.
• Strong asset management with $1.22 trillion in assets under management as of June 30, 2020.

Negative

• None.

News Market Reaction – TROW

-0.23%

-0.23% Session move

In the trading session that priced this news, TROW declined 0.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BALTIMORE, Aug. 3, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.90 per share payable September 29, 2020 to stockholders of record as of the close of business on September 15, 2020.

ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.22 trillion in assets under management as of June 30, 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-301105004.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is the dividend amount declared by TROW?

T. Rowe Price declared a quarterly dividend of $0.90 per share.

When will the dividend for TROW be paid?

The dividend will be paid on September 29, 2020.

What is the record date for TROW's dividend payment?

The record date for the dividend payment is September 15, 2020.

How much assets does TROW manage?

As of June 30, 2020, T. Rowe Price managed $1.22 trillion in assets.