BALTIMORE, Oct. 20 /PRNewswire-FirstCall/ -- T. Rowe Price Group, Inc.
(Nasdaq: TROW) announced today that its Board of Directors has declared a
quarterly dividend of $0.24 per share payable December 30, 2008 to
stockholders of record as of the close of business on December 18, 2008.
With this dividend, T. Rowe Price's total dividends declared for the
year 2008 will be $0.96 per share, an increase of 28% over the $0.75 per
share declared for the year 2007. This marks the 22nd consecutive year
since going public that T. Rowe Price has increased its annual dividend
payout.
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global
investment management organization with $387.7 billion in assets under
management as of June 30, 2008. The organization 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 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, Robert
Benjamin, +1-410-345-2205, or Ed Giltenan, +1-410-345-3437, all
of T. Rowe Price Group, Inc.
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