T. Rowe increases quarterly dividend

Daily Record Staff//February 28, 2013//

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T. Rowe Price Group Inc., a Baltimore-based investment management company, announced that its Board of Directors has declared a quarterly dividend of 38 cents per share, payable March 27, 2013 to stockholders of record as of the close of business on March 13, 2013.

The quarterly dividend rate represents a 12 percent increase over the previous quarterly dividend rate of 34 cents per share. This will mark the 27th consecutive year since the firm’s initial public offering that the company will have increased its regular annual dividend.

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