T. ROWE PRICE GROUP DECLARES QUARTERLY DIVIDEND AND ANNOUNCES ANNUAL MEETING VOTING RESULTS

Rhea-AI Summary

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) declared a quarterly dividend of $1.20 per share, payable on June 29, 2022, for stockholders of record as of June 15, 2022.

At its annual meeting, stockholders elected all 13 Board nominees and approved the 2021 compensation for named executive officers. KPMG LLP was reappointed as the independent registered public accounting firm for 2022. T. Rowe Price manages $1.55 trillion in assets as of March 31, 2022, focusing on diversified investment approaches.

Positive

• Quarterly dividend of $1.20 increases shareholder income.
• Elected all 13 Board nominees, reflecting strong governance.
• Successfully reappointed KPMG LLP for independent auditing.

Negative

• None.

BALTIMORE, May 10, 2022 /PRNewswire/ --

NEWS

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.20 per share payable June 29, 2022, to stockholders of record as of the close of business on June 15, 2022.

Additionally, at its annual meeting today, T. Rowe Price Group stockholders elected all 13 nominees to the Board of Directors; approved, by a non-binding advisory vote, the 2021 compensation paid to the company's named executive officers; and ratified the reappointment of KPMG LLP as the company's independent registered public accounting firm for 2022.

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $1.55 trillion in assets under management as of March 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 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.

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SOURCE T. Rowe Price Group, Inc.

FAQ

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

T. Rowe Price declared a quarterly dividend of $1.20 per share.

What is the payment date for T. Rowe Price's dividend?

The dividend is payable on June 29, 2022.

When is the record date for the dividend declaration?

The record date for the dividend is June 15, 2022.

Who was reappointed as T. Rowe Price's independent auditor for 2022?

KPMG LLP was reappointed as the independent registered public accounting firm for 2022.