T. Rowe Price’s $1.30 Dividend Puts Its 5% Payout in Focus After Fresh Outflows
T. Rowe Price Group is sticking with its quarterly payout, declaring a $1.30 per-share dividend, while its full board slate won shareholder support at the annual meeting. The Baltimore asset manager remains under pressure on client flows but keeps cash returns unchanged. The dividend goes to shareholders of record as of June 15, with payment set for June 29, the company said.