BALTIMORE, Dec. 15 /PRNewswire-FirstCall/ -- T. Rowe Price Group, Inc.
(Nasdaq: TROW) announced today that its Board of Directors declared a
quarterly dividend of $0.28 per share payable January 13, 2006 to stockholders
of record on December 30, 2005. This represents a 22% increase over the
previous quarterly dividend rate of $0.23 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 $257.6 billion in assets under management as of
September 30, 2005. 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 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:
Steven E. Norwitz, +1-410-345-2124, or Brian
J. Lewbart, +1-410-345-2242, or Rajiv R. Vyas, +1-410-345-6559,
all of T. Rowe Price Group, Inc.
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