Dividend Increase – T. Rowe Price Group, Inc. (TROW)

Yesterday, February 12, the Board of Directors of T. Rowe Price Group, Inc. announced a quarterly dividend increase from $ 0.76 to $ 0.90 per share that’s payable March 30, 2020 to holders of record March 16, 2020. This represents a 18.42% increase to the last quarterly dividend.

This will mark the 34th consecutive year since the firm’s initial public offering that the company will have increased its regular annual dividend.

With current price $ 138.48 (yesterday's close), this raise brings their dividend yield to 2.60 %.

Since I own 55 shares of TROW, this will increase my portfolio's projected annual net dividend income by $ 22.95.

This increase raises my YOC to 4.85%.

Summary of 2020 Dividend Increases / Cuts

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long TROW

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