T. Rowe Price Group – Special Cash Dividend

BALTIMORE, MD (STL.News) T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a special cash dividend of $3.00 per share payable on July 7, 2021, to stockholders of record as of the close of business on June 25, 2021.

William J. Stromberg, the company’s chair and chief executive officer commented: “This special cash dividend is an efficient return of capital to our stockholders and reflects the healthy cash position on our balance sheet.  After the special dividend payment, the company’s balance sheet will remain very strong, with ample liquidity to execute our business strategy.  In addition, we believe that the payment of the special cash dividend will not have a material impact on the company’s ability to meet its ongoing financial needs, continue our outstanding dividend record for the foreseeable future, or maintain a buffer against market volatility.”