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T Rowe Price raises quarterly dividend by 4 cents

Investment firm T. Rowe Price Group Inc. said Thursday its board declared a quarterly dividend of 31 cents, an increase of 4 cents, or 15 percent, from its previous dividend.

The dividend is payable March 29 to stockholders of record at the close of business March 15.

Company shares fell 6 cents to $70.43 in afternoon trading.