BALTIMORE, June 5 /PRNewswire-FirstCall/ -- The Board of Directors of
T. Rowe Price Group (Nasdaq: TROW) today approved a 15 million share
increase in the company's authorization to repurchase its common stock.
This brings the total repurchase authorization to more than 21.1 million
shares.
The Board of Directors also declared a quarterly dividend of $0.24 per
share which will be paid on June 27, 2008 to stockholders of record as of
the close of business on June 16, 2008.
Founded in 1937, Baltimore-based T. Rowe Price Group is a global
investment management organization with $378.6 billion in assets under
management as of March 31, 2008. 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 a variety of sophisticated
investment planning and guidance tools. T. Rowe Price's disciplined,
risk-aware investment approach focuses on diversification, style
consistency, and fundamental research. More information is available at
http://www.troweprice.com.
SOURCE T. Rowe Price Group
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Related links:
http://www.troweprice.com
CONTACT:
Brian Lewbart, +1-410-345-2242, or Robert
Benjamin, +1-410-345-2205, or Steven Norwitz, +1-410-345-2124,
all of T. Rowe Price Group
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