Feb. 19, 2014
/PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of
per share payable
March 28, 2014
to stockholders of record as of the close of business on
March 14, 2014
. The quarterly dividend rate represents a 16% increase over the previous quarterly dividend rate of
per share. This will mark the 28th consecutive year since the firm's initial public offering that the company will have increased its regular annual dividend.
Founded in 1937,
-based T. Rowe Price Group, Inc. (
) is a global investment management organization with
in assets under management as of
December 31, 2013
. 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.
disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
SOURCE T. Rowe Price Group, Inc.