New Dividend of $0.24 Per Share is 41 Percent Higher
BALTIMORE, Dec. 13 /PRNewswire-FirstCall/ -- T. Rowe Price Group, Inc.
(Nasdaq: TROW) announced today that its Board of Directors declared a
quarterly dividend of $0.24 per share payable January 11, 2008, to
stockholders of record as of the close of business on December 28, 2007.
The quarterly dividend rate represents a 41% increase over the previous
quarterly dividend rate of $0.17 per share. T. Rowe Price has raised its
dividend every year since becoming a public company in 1986.
Founded in 1937, Baltimore-based T. Rowe Price is a global investment
management organization with $396.8 billion in assets under management as
of September 30, 2007. 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, Inc.
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Related links:
http://www.troweprice.com
CONTACT:
Robert Benjamin, +1-410-345-2205, or Steve
Norwitz, +1-410-345-2124, both of T. Rowe Price Group, Inc.
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