T. Rowe Price Group Stock To Go Ex-dividend Tomorrow (TROW)

NEW YORK ( TheStreet) -- The ex-dividend date for T. Rowe Price Group (Nasdaq: TROW) is tomorrow, June 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $58.80 as of 10 a.m. ET, the dividend yield is 2.4%.

The average volume for T. Rowe Price Group has been 1.6 million shares per day over the past 30 days. T. Rowe Price Group has a market cap of $14.87 billion and is part of the financial sector and financial services industry. Shares are down 2.4% year to date as of the close of trading on Friday.

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. The company has a P/E ratio of 19.8, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates T. Rowe Price Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full T. Rowe Price Group Ratings Report.

See our dividend calendar or top-yielding stocks list.

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