Yesterday T. Rowe Price Group, Inc. announced a dividend increase of from $ 0.70 to $ 0.76 per share that’s payable March 29, 2019 to holders of record March 15, 2019. This represents an 8.57% increase to regular quarterly dividends. This will mark the 33rd consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.
With current price $ 98.13 (yesterday's close), this raise
brings their dividend yield to 3.10%.
The Board also approved a 10 million share increase in
the company’s authorization to repurchase its common stock. This brings the
total repurchase authorization to nearly 22.4 million shares.