T. Rowe Price Group, Inc. (NASDAQ: TROW) has declared a quarterly dividend of $1.30 per share, as announced by the company’s Board of Directors. The dividend will be paid to shareholders of record on a specified date, with the payment date to follow shortly thereafter.
This marks the latest dividend distribution by the investment management firm, reflecting its ongoing commitment to returning value to shareholders.
**Why this matters**
Dividends provide investors with a steady income stream and can indicate a company’s financial health and confidence in its future earnings. T. Rowe Price’s dividend announcement may influence investor decisions and reflects broader trends in the asset management industry.
Source: NewsData