Why T Rowe Price Group Is A Top 25 SAFE Dividend Stock

T Rowe Price

TROW
Group has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 4.2% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

According to the ETF Finder at ETF Channel, T Rowe Price Group Inc. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.18% of the SPDR S&P Dividend ETF (SDY), which holds $245,090,445 worth of TROW shares.

T Rowe Price Group made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

The annualized dividend paid by T Rowe Price Group Inc. is $4.8/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/14/2022. Below is a long-term dividend history chart for TROW, which the report stressed as being of key importance.

TROW operates in the Asset Management sector, among companies like Blackstone

BX
and Ameriprise Financial

AMP
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