T. Rowe Price Group has raised its quarterly dividend to $1.24 a share from $1.22 a share.
The new quarterly payout, equal to $4.96 a year, represents an annual yield of about 4.47% based on Monday’s closing price of $111.01, up from 4.4%.
The Baltimore-based company said the dividend will be paid out on March 28 to shareholders of record as of March 15.
