T. Rowe Price announces quarterly dividend

Daily Record Staff//February 9, 2021//

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Baltimore-based T. Rowe Price Group Inc. Tuesday announced its board of directors has declared a quarterly dividend of $1.08 per share payable March 30 to stockholders of record as of the close of business on March 16.

The quarterly dividend represents a 20% increase over the previous quarterly dividend rate of $0.90 per share.

This will mark the 35th consecutive year since the firm’s initial public offering that the company will have increased its regular annual dividend.

Founded in 1937, the company is a global investment management organization with $1.47 trillion in assets under management as of Dec. 31, 2020.

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