T. Rowe Price Group Declares Quarterly Dividend And Announces Annual Meeting Voting Results

Rhea-AI Summary

T. Rowe Price Group (TROW) has declared a quarterly dividend of $1.08 per share, payable on June 29, 2021, to stockholders on record as of June 15, 2021. At its annual meeting, all 11 Board nominees were elected, and shareholders approved the 2020 executive compensation. KPMG LLP was reappointed as the independent accounting firm for 2021. A stockholder proposal for a climate change report was rejected. As of March 31, 2021, the company manages $1.52 trillion in assets.

Positive

• Declared quarterly dividend of $1.08 per share
• Total assets under management of $1.52 trillion

Negative

• Stockholder proposal for climate change report rejected

BALTIMORE, May 11, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.08 per share payable June 29, 2021 to stockholders of record as of the close of business on June 15, 2021.

Additionally, at its annual meeting today, T. Rowe Price Group stockholders elected all 11 nominees to the Board of Directors; approved, by a non-binding advisory vote, the 2020 compensation paid to the company's named executive officers; ratified the reappointment of KPMG LLP as the company's independent registered public accounting firm for 2021; and voted against a stockholder proposal requesting the preparation of a report on voting by the firm's funds and portfolios on matters related to climate change.

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $1.52 trillion in assets under management as of March 31, 2021. 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 a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-declares-quarterly-dividend-and-announces-annual-meeting-voting-results-301288870.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is the dividend amount declared by T. Rowe Price Group?

T. Rowe Price Group declared a quarterly dividend of $1.08 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 29, 2021.

What is the record date for the T. Rowe Price Group dividend?

The record date for the dividend is June 15, 2021.

Was there any stockholder proposal approved at the annual meeting?

No, a stockholder proposal for a climate change report was rejected.