T. Rowe Price Group Declares Quarterly Dividend

Rhea-AI Summary

T. Rowe Price Group has announced a quarterly dividend of $0.90 per share, payable on December 30, 2020. Stockholders must be on record by the close of business on December 15, 2020. The company, based in Baltimore, manages $1.31 trillion in assets as of September 30, 2020. Established in 1937, T. Rowe Price offers a variety of investment management services including mutual funds and separate account management.

Positive

• Declared a quarterly dividend of $0.90 per share, signaling ongoing shareholder returns.
• Managed $1.31 trillion in assets, indicating strong investment portfolio performance.

Negative

• None.

News Market Reaction – TROW

-3.63%

-3.63% Session move

In the trading session that priced this news, TROW declined 3.63%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BALTIMORE, Oct. 28, 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 December 30, 2020 to stockholders of record as of the close of business on December 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 $1.31 trillion in assets under management as of September 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-301162104.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is the amount of TROW's quarterly dividend?

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

When will the TROW dividend be paid?

The dividend will be paid on December 30, 2020.

What is the record date for the TROW dividend?

The record date for the dividend is December 15, 2020.

How much assets does T. Rowe Price manage?

T. Rowe Price manages $1.31 trillion in assets as of September 30, 2020.