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 4.41% based on its recent close price. The latest dividend has grown by $0.02, or 1.6% from the previous dividend.
TROW has a dividend yield of 4.41% 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 3.36%, Price T Rowe Group's dividend yield is 31% higher. The current dividend yield is more than the historical average of 3.2% of the last 5 years.
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. And with the stock price down by 1.3% from a year ago, the dividend yield has grown by 2.9%.
| 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 |
TROW has a payout ratio of 63% 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 39.6%, Price T Rowe Group's payout ratio is 59% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| AB Alliancebernstein Holding Lp | 8.03% | $2.69 | 115% |
| BEN Franklin Resources Inc | 4.81% | $1.22 | 64.2% |
| TROW Price T Rowe Group Inc | 4.41% | $4.9 | 63% |
| AMP Ameriprise Financial Inc | 1.31% | $5.4 | 22.3% |
Yes, Price T Rowe Group has paid four dividends in the last 12 months. TROW has been paying dividends since 1994.
Currently TROW's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
Price T Rowe Group's last dividend ex-date was on Mar 14, 2024. The dividend amount was $1.24 per share.
On an annual basis TROW pays $4.9 per share.
Price T Rowe Group's current dividend yield is 4.41%.
Price T Rowe Group pays four dividends per year.
The dividend payout ratio of Price T Rowe Group is 63%.
Price T Rowe Group's dividend yield is more than the Financial Services sector average.