Saturday, September 10, 2016

Recent Buy - T. Rowe Price Group, Inc. (TROW)

Yesterday on 9th September I Bought 30 shares of TROW at $ 68.22 per share plus commission. 



 
My overall cost basis of this position decreases from $ 81.12 to $ 74.17 per share. I totally hold now 55 shares of TROW and my yield on cost is 2.91%. You can look at my first purchase of TROW here.



Details of my purchase:




With current quarterly dividend ($0.54), my last purchase 30 shares of TROW increases €42.97 ($48.28) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to €9,140.00.

Click here to see my portfolio.

Full Disclosure: Long TROW

Thanks for stopping by!
 

7 comments:

  1. Nice purchase Hawk. I will look into this company as it's a core holding amongst us dividend investors. Thanks for sharing bro.

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  2. Looks like you got a good company at a good price DividendHawk - you're getting closer and closer to $10k income :)

    Tristan

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  3. Ciao DH,
    It's a very good company with a low payout ratio and great state of accounts. It has been underperforming lately, so I am considering to add more too... Good pick!
    Ciao ciao
    Stal

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  4. Hi Dividendhawk

    T. Rowe is also on my watch list.

    Interesting stock pick in a solid company with a long history of dividend increases, trading at a decent yield.

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  5. Without knowing the facts (like normally) doesn't TROW's performance get affected by these ETS funds that have ultra low commission? Isn't active fund management something that has established firm ground for continuous dividend increases for TROW? Again, I don't have better knowledge about it.

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    Replies
    1. Hi Biini, yes you are right, TROW's earnings are affected by the ETF of low commission.

      Thanks for visiting!
      DH

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