T. Rowe Price Group (T. Rowe Price Group) Dividend Payout Ratio

: 0.71 (As of Dec. 2023)

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T. Rowe Price Group's dividend payout ratio for the months ended in Dec. 2023 was 0.71.

The historical rank and industry rank for T. Rowe Price Group's Dividend Payout Ratio or its related term are showing as below:

TROW' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.42 Max: 0.64
Current: 0.64

During the past 13 years, the highest Dividend Payout Ratio of T. Rowe Price Group was 0.64. The lowest was 0.34. And the median was 0.42.

TROW's Dividend Payout Ratio is ranked better than
62.26% of 938 companies
in the Asset Management industry
Industry Median: 0.83 vs TROW: 0.64

As of today (2024-04-23), the Dividend Yield % of T. Rowe Price Group is 4.36%.

During the past 13 years, the highest Trailing Annual Dividend Yield of T. Rowe Price Group was 5.50%. The lowest was 1.77%. And the median was 2.64%.

T. Rowe Price Group's Dividends per Share for the months ended in Dec. 2023 was $1.22.

During the past 12 months, T. Rowe Price Group's average Dividends Per Share Growth Rate was 1.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of T. Rowe Price Group was 69.10% per year. The lowest was 8.90% per year. And the median was 15.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

T. Rowe Price Group Dividend Payout Ratio Historical Data

The historical data trend for T. Rowe Price Group's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

T. Rowe Price Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.38

0.34

0.60

0.64

T. Rowe Price Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.69	0.72	0.60	0.56	0.71

Competitive Comparison

For the Asset Management subindustry, T. Rowe Price Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

T. Rowe Price Group Dividend Payout Ratio Distribution

For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where T. Rowe Price Group's Dividend Payout Ratio falls into.

T. Rowe Price Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

T. Rowe Price Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	4.88	/	7.59
	=	0.64

T. Rowe Price Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1.22	/	1.72
	=	0.71

T. Rowe Price Group (NAS:TROW) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

T. Rowe Price Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of T. Rowe Price Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

T. Rowe Price Group (T. Rowe Price Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (NAS:TROW) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

1TROW:Italy TR1:Germany TR1:Germany TR1:Germany T1RO34:Brazil TROW:Austria

Address

100 East Pratt Street, Baltimore, MD, USA, 21202

Website

https://www.troweprice.com

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.

Executives

Higginbotham Robert C.t.	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Thomson Andrew Justin Mackenzie	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
William P Donnelly	director	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Andrew C. Mccormick	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Cynthia F Smith	director	100 E. PRATT STREET, BALTIMORE MD 21202
Jessica M Hiebler	officer: Principal Accounting Officer	100 E. PRATT STREET, BALTIMORE MD 21202
William J Stromberg	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Kimberly H Johnson	officer: COO and VP	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Joshua B Nelson	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Glenn R August	director, officer: Vice President	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Eileen P Rominger	director	100 E. PRATT STREET, BALTIMORE MD 21202
Sebastien Page	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Jennifer B Dardis	other: CFO and VP	100 E. PRATT STREET, BALTIMORE MD 21202
Mary K Bush	director	3509 WOODBINE STREET, CHEVY CHASE MD 20815
W. Sharps Robert	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202