T. Rowe Price Group (TROW) Dividend

39 yrs growth

T. Rowe Price Group, Inc. · Financial Services · Asset Management · quarterly payer

$108.41

As of Nov 9, 2026, T. Rowe Price Group (TROW) pays a quarterly dividend of $1.30 per share, or $5.20 a year, a 4.80% yield at its $108.41 share price. The next ex-dividend date is Dec 16, 2026, paid Dec 29, 2026. It has raised its dividend 39 years in a row and has a dividend safety grade of A.

Forward Yield

4.80%

Annual Dividend

$5.20

Payout Ratio

52%

5-Yr Growth

7.1%

Ex-Date

Dec 16, 2026

Frequency

Quarterly

Key facts about TROW's dividend

Data as of Nov 9, 2026 · Source: SmarterDividends data

As of Nov 9, 2026, T. Rowe Price Group, Inc. (TROW) has a forward dividend yield of 4.80%, based on an annual dividend of $5.20 per share and a share price of $108.41.
As of Nov 9, 2026, TROW's dividend safety grade from SmarterDividends is A (96 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, T. Rowe Price Group, Inc. (TROW) has raised its dividend for 39 consecutive years as of Nov 9, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
TROW has never cut its regular dividend in the payment history SmarterDividends has on record.
TROW's next ex-dividend date is Dec 16, 2026, with payment on Dec 29, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 9, 2026, TROW pays out 52% of its trailing 12-month earnings as dividends (its payout ratio).
TROW's dividend has grown at an average rate of 7.1% a year over the past five years.
As of Nov 9, 2026, TROW's 4.80% yield is 12% above its five-year average yield of 4.30%.
As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for TROW is $63.17 per share, 42% below the $108.41 share price, so TROW screens as overvalued.
T. Rowe Price Group, Inc. (TROW) pays its dividend quarterly, 4 times a year.
T. Rowe Price Group, Inc. (TROW) has raised its regular dividend 39 times and cut it 0 times across the 163 payments on record since 1986. Its most recent change was a 2.4% increase to $1.30 per share, going ex-dividend on Mar 16, 2026.
T. Rowe Price (TROW) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 2.4%, was declared on Feb 9, 2026.

Cite this page

SmarterDividends, "TROW Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/TROW

Is TROW a good dividend stock?

Yes

T. Rowe Price Group, Inc. (TROW) pays a quarterly dividend yielding 4.80% ($5.20/yr), with 39 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Dividend Aristocrat — 39 consecutive years of growth
Never cut its dividend on record
Comfortable payout ratio (52%)
Strong 7.1% 5-yr dividend growth
Top-tier dividend safety score

Risks

Share price is down over the past 5 years

Key Data

Dividend Yield: 4.80%
Payout Ratio: 52%
Annual Dividend: $5.20
5-Yr Avg Growth: 7.1%
Ex-Dividend Date: Dec 16, 2026
Years of Growth: 39
Frequency: quarterly
Beta: 1.45
Market Cap: $23.1B
P/E Ratio: 11.0
5-Yr Total Return: -46%
52-Week Range: $85.22 – $122.00
Dividend Safety: A · 96/100
Ever Cut?: No

TROW dividend raises and cuts

T. Rowe Price Group, Inc. (TROW) has raised its regular dividend 39 times and cut it 0 times across the 163 payments on record since 1986. Its most recent change was a 2.4% increase to $1.30 per share, going ex-dividend on Mar 16, 2026.

Ex-date	Change	Old → new	Move
Mar 16, 2026	Raise	$1.27 → $1.30	+2.4%
Mar 14, 2025	Raise	$1.24 → $1.27	+2.4%
Mar 14, 2024	Raise	$1.22 → $1.24	+1.6%
Mar 14, 2023	Raise	$1.20 → $1.22	+1.7%
Mar 14, 2022	Raise	$1.08 → $1.20	+11.1%
Mar 15, 2021	Raise	$0.900 → $1.08	+20.0%
Mar 13, 2020	Raise	$0.760 → $0.900	+18.4%
Mar 14, 2019	Raise	$0.700 → $0.760	+8.6%
Mar 14, 2018	Raise	$0.570 → $0.700	+22.8%
Mar 14, 2017	Raise	$0.540 → $0.570	+5.6%
Mar 14, 2016	Raise	$0.520 → $0.540	+3.8%
Mar 12, 2015	Raise	$0.440 → $0.520	+18.2%

Show all 39 changes since 1987

Ex-date	Change	Old → new	Move
Mar 12, 2014	Raise	$0.380 → $0.440	+15.8%
Mar 11, 2013	Raise	$0.340 → $0.380	+11.8%
Mar 13, 2012	Raise	$0.310 → $0.340	+9.7%
Mar 11, 2011	Raise	$0.270 → $0.310	+14.8%
Mar 12, 2010	Raise	$0.250 → $0.270	+8.0%
Mar 12, 2009	Raise	$0.240 → $0.250	+4.2%
Dec 26, 2007	Raise	$0.170 → $0.240	+41.2%
Dec 27, 2006	Raise	$0.140 → $0.170	+21.4%
Dec 28, 2005	Raise	$0.115 → $0.140	+21.7%
Dec 22, 2004	Raise	$0.0950 → $0.115	+21.1%
Dec 23, 2003	Raise	$0.0850 → $0.0950	+11.8%
Dec 24, 2002	Raise	$0.0800 → $0.0850	+6.3%
Dec 24, 2001	Raise	$0.0750 → $0.0800	+6.7%
Dec 27, 2000	Raise	$0.0650 → $0.0750	+15.4%
Dec 23, 1999	Raise	$0.0500 → $0.0650	+30.0%
Dec 23, 1998	Raise	$0.0425 → $0.0500	+17.6%
Dec 24, 1997	Raise	$0.0325 → $0.0425	+30.8%
Dec 26, 1996	Raise	$0.0263 → $0.0325	+23.8%
Dec 26, 1995	Raise	$0.0200 → $0.0263	+31.2%
Dec 22, 1994	Raise	$0.0163 → $0.0200	+23.1%
Dec 23, 1993	Raise	$0.0131 → $0.0163	+23.8%
Dec 21, 1992	Raise	$0.0113 → $0.0131	+16.7%
Dec 20, 1991	Raise	$0.0103 → $0.0113	+9.1%
Dec 20, 1990	Raise	$0.0094 → $0.0103	+10.0%
Dec 22, 1989	Raise	$0.0066 → $0.0094	+42.8%
Dec 23, 1988	Raise	$0.0044 → $0.0066	+50.0%
Dec 24, 1987	Raise	$0.0031 → $0.0044	+40.0%

Every TROW payment →Download every raise and cut (CSV)

TROW ex-dividend date & scheduleNext ex-date Dec 16, 2026 · full ex-dividend historyView →TROW dividend historyEvery payment, totals by year, raises and cutsView →TROW dividend calculator100 shares pay $520.00 a year, $130.00 each quarterCalculate →TROW total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is TROW a good dividend stock?

Yes. T. Rowe Price Group, Inc. (TROW) pays a quarterly dividend yielding 4.80% ($5.20/yr), with 39 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is TROW undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TROW's fair value is about $63.17 versus a $108.41 share price — so it looks overvalued (-42% vs. fair value).

Is TROW's dividend safe?

TROW has a dividend-safety grade of A (96/100), based on its payout coverage, free-cash-flow, 39-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is TROW's fair value?

Our blended fair-value estimate for TROW is about $63.17 per share, about 42% below the current $108.41 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TROW a buy, hold, or sell?

We don't issue formal ratings, but on the data TROW screens as "yes" and overvalued. T. Rowe Price Group, Inc. (TROW) pays a quarterly dividend yielding 4.80% ($5.20/yr), with 39 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will TROW cut its dividend?

TROW earns a dividend-safety grade of A (96/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TROW pay a dividend?

Yes. T. Rowe Price Group, Inc. pays a quarterly dividend of about $5.20 per share annually, a forward yield of roughly 4.80%.

How much dividend does 100 shares of TROW pay?

At $5.20 per share a year, 100 shares of TROW pay $520.00 a year in dividends before tax, about $130.00 each quarter. Buying them costs about $10,841 at the Nov 9, 2026 price.

What is TROW's dividend yield?

As of Nov 9, 2026, TROW's forward dividend yield is 4.80%, based on a $5.20 annual dividend and a $108.41 share price.

What is TROW's dividend per share?

As of Nov 9, 2026, TROW pays $5.20 per share per year, distributed on a quarterly basis.

What is TROW's dividend payout ratio?

As of Nov 9, 2026, TROW's payout ratio is 52% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TROW grown its dividend?

As of Nov 9, 2026, TROW has increased its dividend for 39 consecutive years.

When is the next TROW ex-dividend date?

As of Nov 9, 2026, the next ex-dividend date on record for TROW is Dec 16, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full TROW dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 15, 2026	Sep 29, 2026	$1.3000	regular
Jun 15, 2026	Jun 29, 2026	$1.3000	regular
Mar 16, 2026	Mar 30, 2026	$1.3000	regular
Dec 15, 2025	Dec 30, 2025	$1.2700	regular
Sep 15, 2025	Sep 29, 2025	$1.2700	regular
Jun 13, 2025	Jun 27, 2025	$1.2700	regular
Mar 14, 2025	Mar 28, 2025	$1.2700	regular
Dec 13, 2024	Dec 27, 2024	$1.2400	regular
Sep 13, 2024	Sep 27, 2024	$1.2400	regular
Jun 14, 2024	Jun 27, 2024	$1.2400	regular
Mar 14, 2024	Mar 28, 2024	$1.2400	regular
Dec 14, 2023	Dec 29, 2023	$1.2200	regular
Sep 14, 2023	Sep 28, 2023	$1.2200	regular
Jun 14, 2023	Jun 29, 2023	$1.2200	regular