T. Rowe Price Raises Quarterly Dividend For 19th Consecutive Year
T. Rowe Price Raises Quarterly Dividend For 19th Consecutive Year
December 15, 2005
T. Rowe Price Raises Quarterly Dividend For 19th Consecutive Year
BALTIMORE (December 15, 2005) – T. Rowe Price Group, Inc. (Nasdaq: TROW) announced today that its Board of Directors declared a quarterly dividend of $0.28 per share payable January 13, 2006 to stockholders of record on December 30, 2005. This represents a 22% increase over the previous quarterly dividend rate of $0.23 per share. T. Rowe Price has raised its dividend every year since becoming a public company in 1986.
Founded in 1937, Baltimore-based T. Rowe Price is a global investment management organization with $257.6 billion in assets under management as of September 30, 2005. The organization provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. More information is available at www.troweprice.com.
Founded in 1937, Baltimore-based T. Rowe Price is a global investment management organization with $257.6 billion in assets under management as of September 30, 2005. The organization provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. More information is available at www.troweprice.com.