T. Rowe Price raises quarterly dividend to $1.24 from $1.22 per share

T. Rowe Price Group declared a quarterly dividend of $1.24 per share payable March 28, to stockholders of record as of the close of business on March 15. The quarterly dividend rate represents a 1.64% increase over the previous quarterly dividend rate of $1.22 per share. “This will mark the 38th consecutive year since the firm’s initial public offering that the company will have increased its regular annual dividend,” it said in a statement.