The updated payout, which rises from $1.27, brings the total annual dividend to $5.20 per share. Based on Monday’s closing price of $95.81, the new distribution represents an annual yield of 5.4%. The firm confirmed that the dividend will be payable on March 30 to shareholders of record as of the close of business on March 16.
In section Market Quotes
T. Rowe Price Boosts Dividend for 40th Consecutive Year
Baltimore-based asset manager T. Rowe Price Group Inc. announced a 2.4% increase to its quarterly dividend on Monday, raising the payout to $1.30 per share. The move extends the firm’s four-decade streak of annual dividend hikes, signaling continued financial resilience in a competitive investment landscape.
A Four-Decade Streak of Growth
This latest adjustment marks T. Rowe Price's 40th consecutive year of regular annual dividend increases since the company went public. Maintaining such a record places the firm in an elite category of dividend-paying stocks, reflecting a long-term strategy of returning capital to investors regardless of broader market volatility.The decision highlights the operational stability of the Baltimore-based firm, which remains a titan in the active management space. According to the company's announcement, the consistent growth in payouts underscores its commitment to shareholder value and its confidence in sustained cash flow generation.
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