T. ROWE PRICE GROUP DECLARES QUARTERLY DIVIDEND

Rhea-AI Summary

T. Rowe Price Group, Inc. declared a quarterly dividend of $1.24 per share payable on June 27, 2024. The company's Board of Directors elected all 11 nominees, approved executive compensation, and ratified KPMG LLP as the independent registered public accounting firm for 2024.

Positive

• Declaring a quarterly dividend of $1.24 per share shows financial stability and shareholder value.

• Election of all 11 nominees to the Board reflects confidence in the leadership and governance of T. Rowe Price Group.

• Approval of executive compensation signals alignment with shareholder interests and good corporate governance.

• Ratification of KPMG LLP as the independent registered public accounting firm enhances transparency and credibility in financial reporting.

Negative

• None.

BALTIMORE, May 7, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.24 per share payable June 27, 2024, to stockholders of record as of the close of business on June 14, 2024.

Additionally, at its annual meeting today, T. Rowe Price Group, Inc.'s stockholders:

• elected all 11 nominees to its Board of Directors;
• approved, by a nonbinding advisory vote, the compensation paid to the firm's named executive officers; and
• ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for 2024.

ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price has $1.54 trillion in assets under management as of March 31, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-declares-quarterly-dividend-302138523.html

SOURCE T. Rowe Price Group

FAQ

When is TROW's quarterly dividend payable?

T. Rowe Price Group, Inc. declared a quarterly dividend of $1.24 per share payable on June 27, 2024.

Who was elected to TROW's Board of Directors?

All 11 nominees were elected to T. Rowe Price Group, Inc.'s Board of Directors.

What was approved at TROW's annual meeting regarding executive compensation?

The compensation paid to the firm's named executive officers was approved by a nonbinding advisory vote at the annual meeting.

Which company was ratified as TROW's independent registered public accounting firm for 2024?

KPMG LLP was ratified as T. Rowe Price Group, Inc.'s independent registered public accounting firm for 2024.