T. ROWE PRICE GROUP DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

T. Rowe Price Group declared a quarterly dividend of $1.22 per share, payable on March 30, 2023, to stockholders of record by March 15, 2023. This dividend represents a 1.7% increase from the previous rate of $1.20. The announcement marks the 37th consecutive annual dividend increase since the firm's IPO. T. Rowe Price, based in Baltimore, manages $1.27 trillion in assets as of December 31, 2022, offering a range of investment management services.

Positive

• Quarterly dividend increased by 1.7% to $1.22 per share.
• 37th consecutive annual dividend increase demonstrates company stability.
• Strong asset management with $1.27 trillion in assets.

Negative

• None.

37th Consecutive Annual Dividend Increase

BALTIMORE, Feb. 7, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable March 30, 2023, to stockholders of record as of the close of business on March 15, 2023. The quarterly dividend rate represents a 1.7% increase over the previous quarterly dividend rate of $1.20 per share. This will mark the 37th consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.

ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.27 trillion in assets under management as of December 31, 2022. 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. 

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SOURCE T. Rowe Price Group, Inc.