Dividend Aristocrat Overview: T. Rowe Price Group, Inc.

Photo: Freeimages.com/Ibon San Martin

About T. Rowe Price Group

Global investment manager T. Rowe Price Group offers a full range of investment strategies for its customers including equity, fixed income and asset allocation portfolios, as well as a family of no-load mutual funds. Thomas R. Price, Jr. formed the company in 1937, which now employs nearly 5100 people and has over $700 billion assets under management.

The company is a member of the S&P 500 index and trades under the ticker symbol TROW.

T. Rowe Price Group’s Dividend and Stock Split History

T. Rowe Price Group has increased dividends annually since 1987. T. Rowe Price met the Dividend Aristocrat criteria of 25 consecutive years of increasing regular dividend payments in 2011. Since 2009, T. Rowe Price Group has announced its annual dividend increase in February, with the stock going ex-dividend in March.

T. Rowe Price Group has compounded its payout at an average rate of 10.9% over the last 5 years and 11.8% over the last 10 years.

T. Rowe Price Group has split its stock five times since beginning its record of annual dividend growth in 1987. Two for one stock splits occurred in November 1989, August 1993, February 1996, February 1998, and May 2006. For each share purchased in 1987, you would now have 32 shares of T. Rowe Price stock.

T. Rowe Price’s Direct Purchase and Dividend Reinvestment Plans

T. Rowe Price does not offer either a direct purchase or a dividend reinvestment plan.  Most brokers offer the option for investors to reinvest dividends automatically.  Fees will vary by broker; investors should contact them directly for more information.

Helpful Links

T. Rowe Price Group’s Investor Relations Website

Current quote and financial summary for T. Rowe Price Group (finviz.com)

 

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