BALTIMORE, Feb. 13, 2018 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of
Directors has declared a quarterly dividend of $0.70 per share payable March 29, 2018 to stockholders of record as of
the close of business on March 15,
2018. The quarterly dividend rate represents a 23% increase
over the previous quarterly dividend rate of $0.57 per share. This will mark the 32nd
consecutive year since the firm's initial public offering that the
company will have increased its regular annual dividend.
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based
T. Rowe Price Group, Inc. (troweprice.com), is a global
investment management organization with $1.05 trillion in assets under management as of
January 31, 2018. 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 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.