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TROW Price T Rowe Group dividend history, payout ratio & dates

Price T Rowe Group's last quarterly dividend was on Mar 14, 2024 (ex-date) with a distribution of $1.24 per share. On an annualized basis, the company has a current payout of $4.9 per share. This brings the dividend yield to 4.15% based on its recent close price. The latest dividend has grown by $0.02, or 1.6% from the previous dividend.

Key dates

  • TROW last dividend date: Mar 14, 2024
  • TROW next dividend date: Jun 14, 2024
TROW dividend stats
DPS
$4.9
Dividend yield
4.15%
Payout ratio
58%
vs. Financial Services sector
Dividend yield
3.38%
Payout ratio
40.9%

Dividend yield

What is Price T Rowe Group current dividend yield

TROW has a dividend yield of 4.15% which is higher than the Financial Services sector and its peers average but lower than the industry average. If we compare it with the Financial Services sector average of 3.38%, Price T Rowe Group's dividend yield is 23% higher. The current dividend yield is more than the historical average of 3.2% of the last 5 years.

Dividend history

What is TROW dividend payout history and dates

Price T Rowe Group has been paying dividends since 1994. TROW has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 1.7% since one year ago. But with the stock price up by 11% from a year ago, the dividend yield marks a decrease of 8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 14, 2024 Mar 28, 2024 Jan 30, 2024 $1.24 normal
Dec 14, 2023 Dec 29, 2023 Oct 31, 2023 $1.22 normal
Sep 14, 2023 Sep 28, 2023 Jul 31, 2023 $1.22 normal
Jun 14, 2023 Jun 29, 2023 May 9, 2023 $1.22 normal
Mar 14, 2023 Mar 30, 2023 Feb 7, 2023 $1.22 normal
Dec 15, 2022 Dec 29, 2022 Nov 1, 2022 $1.2 normal
Sep 14, 2022 Sep 29, 2022 Aug 1, 2022 $1.2 normal
Jun 14, 2022 Jun 29, 2022 May 10, 2022 $1.2 normal
Mar 14, 2022 Mar 30, 2022 Feb 8, 2022 $1.2 normal
Dec 15, 2021 Dec 30, 2021 Nov 2, 2021 $1.08 normal
Sep 14, 2021 Sep 29, 2021 Aug 2, 2021 $1.08 normal
Jun 14, 2021 Jun 29, 2021 May 11, 2021 $1.08 normal
Mar 15, 2021 Mar 30, 2021 Feb 9, 2021 $1.08 normal
Dec 14, 2020 Dec 30, 2020 Oct 28, 2020 $0.9 normal
Sep 14, 2020 Sep 29, 2020 Aug 3, 2020 $0.9 normal
Jun 12, 2020 Jun 30, 2020 May 12, 2020 $0.9 normal
Mar 13, 2020 Mar 30, 2020 Feb 12, 2020 $0.9 normal
Dec 13, 2019 Dec 30, 2019 Oct 30, 2019 $0.76 normal
Sep 12, 2019 Sep 27, 2019 Aug 19, 2019 $0.76 normal
Jun 13, 2019 Jun 28, 2019 Apr 25, 2019 $0.76 normal
Mar 14, 2019 Mar 29, 2019 Feb 12, 2019 $0.76 normal
Dec 13, 2018 Dec 28, 2018 Oct 24, 2018 $0.7 normal
Sep 13, 2018 Sep 28, 2018 Aug 21, 2018 $0.7 normal
Jun 14, 2018 Jun 29, 2018 Apr 26, 2018 $0.7 normal
Mar 14, 2018 Mar 29, 2018 Feb 13, 2018 $0.7 normal
Dec 13, 2017 Dec 28, 2017 Oct 25, 2017 $0.57 normal
Sep 13, 2017 Sep 28, 2017 Aug 21, 2017 $0.57 normal
Jun 13, 2017 Jun 29, 2017 Apr 26, 2017 $0.57 normal
Mar 14, 2017 Mar 30, 2017 Feb 16, 2017 $0.57 normal
Dec 13, 2016 Dec 29, 2016 Oct 26, 2016 $0.54 normal
Sep 13, 2016 Sep 29, 2016 Aug 24, 2016 $0.54 normal
Jun 13, 2016 Jun 29, 2016 Apr 27, 2016 $0.54 normal
Mar 14, 2016 Mar 30, 2016 Feb 17, 2016 $0.54 normal
Dec 14, 2015 Dec 30, 2015 Oct 21, 2015 $0.52 normal
Sep 11, 2015 Sep 29, 2015 Aug 13, 2015 $0.52 normal

Price T Rowe Group dividend payout ratio

What is Price T Rowe Group dividend payout ratio compared to the sector

Payout ratio

TROW has a payout ratio of 58% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 40.9%, Price T Rowe Group's payout ratio is 42% higher.

Total amount of dividends paid per financial year (from cash flow)

TROW dividend vs peer dividends

How does TROW dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
AB Alliancebernstein Holding Lp 8.18% $2.76 114.5%
BEN Franklin Resources Inc 5.23% $1.22 69.7%
TROW Price T Rowe Group Inc 4.15% $4.9 58%
AMP Ameriprise Financial Inc 1.25% $5.53 18.5%

Frequently asked questions

Does Price T Rowe Group pay a dividend?

Yes, Price T Rowe Group has paid four dividends in the last 12 months. TROW has been paying dividends since 1994.

When is Price T Rowe Group's next dividend?

TROW's next dividend is scheduled on Jun 14, 2024 (ex-date).

When was TROW's last dividend?

Price T Rowe Group's last dividend ex-date was on Mar 14, 2024. The dividend amount was $1.24 per share.

How much dividend does Price T Rowe Group pay (per share)?

On an annual basis TROW pays $4.9 per share.

What is Price T Rowe Group's dividend yield?

Price T Rowe Group's current dividend yield is 4.15%.

How often does Price T Rowe Group pay dividends?

Price T Rowe Group pays four dividends per year.

What is Price T Rowe Group's dividend payout ratio?

The dividend payout ratio of Price T Rowe Group is 58%.

Does Price T Rowe Group pay a good dividend?

Price T Rowe Group's dividend yield is more than the Financial Services sector average.