BALTIMORE, June 8 /PRNewswire-FirstCall/ -- T. Rowe Price Group, Inc.
(Nasdaq: TROW) announced today that its Board of Directors has authorized a
two-for-one split of its outstanding common stock payable on June 23, 2006
to stockholders of record at the close of business on June 19, 2006. On
June 23, stockholders will be paid one additional share for each share
owned as of the June 19 record date. Stockholders' proportional interest in
the Corporation will not be affected.
The Board of Directors also declared a quarterly dividend of $0.14 per
share (reflecting the adjustment from $0.28 per share for the two-for-one
stock split) which will be paid on July 11, 2006 to stockholders of record
as of the close of business on June 26, 2006.
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global
investment management organization with $292.9 billion in assets under
management as of March 31, 2006. The firm provides a broad array of mutual
funds, sub-advisory 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, Inc.
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Related links:
http://www.troweprice.com/
CONTACT:
Brian Lewbart, +1-410-345-2242 or Steve
Norwitz, +1-410-345-2124, both of T. Rowe Price Group
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