T. Rowe Price (TROW) Dividend History & Yield
T. Rowe Price (TROW) has increased its dividend for 4 consecutive years and currently yields 5.02%. The most recent dividend was $1.3000/share on Mar 30, 2026, paid Quarterly.
TROW
Current Yield
5.02%
TTM Dividend/Share
$5.11
Payment Frequency
Quarterly
Payout Ratio
54.8%
Consecutive Growth Years
4
Div Growth (1Y CAGR)
2.42%
Div Growth (5Y CAGR)
7.13%
Div Growth (10Y CAGR)
2.22%
TROW: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
12.1%
FCF payout ratio
12.4%
Net debt / EBITDA
-1.1x
Interest coverage
0.00x
ROIC (TTM)
18.5%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 54.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.61) covers dividend/share ($5.11).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 4 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 12.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is -1.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.1%) exceeds EPS growth (-9.6%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 15, 2026
- Payment date
- Jun 29, 2026
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Mar 16, 2026
- Payment date
- Mar 30, 2026
- Dividend
- $1.3000
- Adj. dividend
- $1.3000
Ex-date Dec 15, 2025
- Payment date
- Dec 30, 2025
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
Ex-date Sep 15, 2025
- Payment date
- Sep 29, 2025
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
Ex-date Jun 13, 2025
- Payment date
- Jun 27, 2025
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
Ex-date Mar 14, 2025
- Payment date
- Mar 28, 2025
- Dividend
- $1.2700
- Adj. dividend
- $1.2700
Ex-date Dec 13, 2024
- Payment date
- Dec 27, 2024
- Dividend
- $1.2400
- Adj. dividend
- $1.2400
Ex-date Sep 13, 2024
- Payment date
- Sep 27, 2024
- Dividend
- $1.2400
- Adj. dividend
- $1.2400
Ex-date Jun 14, 2024
- Payment date
- Jun 27, 2024
- Dividend
- $1.2400
- Adj. dividend
- $1.2400
Ex-date Mar 14, 2024
- Payment date
- Mar 28, 2024
- Dividend
- $1.2400
- Adj. dividend
- $1.2400
Ex-date Dec 14, 2023
- Payment date
- Dec 29, 2023
- Dividend
- $1.2200
- Adj. dividend
- $1.2200
Ex-date Sep 14, 2023
- Payment date
- Sep 28, 2023
- Dividend
- $1.2200
- Adj. dividend
- $1.2200
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 15, 2026 | Jun 29, 2026 | $1.3000 | $1.3000 |
| Mar 16, 2026 | Mar 30, 2026 | $1.3000 | $1.3000 |
| Dec 15, 2025 | Dec 30, 2025 | $1.2700 | $1.2700 |
| Sep 15, 2025 | Sep 29, 2025 | $1.2700 | $1.2700 |
| Jun 13, 2025 | Jun 27, 2025 | $1.2700 | $1.2700 |
| Mar 14, 2025 | Mar 28, 2025 | $1.2700 | $1.2700 |
| Dec 13, 2024 | Dec 27, 2024 | $1.2400 | $1.2400 |
| Sep 13, 2024 | Sep 27, 2024 | $1.2400 | $1.2400 |
| Jun 14, 2024 | Jun 27, 2024 | $1.2400 | $1.2400 |
| Mar 14, 2024 | Mar 28, 2024 | $1.2400 | $1.2400 |
| Dec 14, 2023 | Dec 29, 2023 | $1.2200 | $1.2200 |
| Sep 14, 2023 | Sep 28, 2023 | $1.2200 | $1.2200 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
T. Rowe Price has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 4 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.0800 | — | — |
| 2025 | $4.9600 | $5.0800 | +2.4% |
| 2024 | $4.8800 | $4.9600 | +1.6% |
| 2023 | $4.8000 | $4.8800 | +1.7% |
| 2022 | $7.3200 | $4.8000 | -34.4% |
| 2021 | $3.6000 | $7.3200 | +103.3% |
| 2020 | $3.0400 | $3.6000 | +18.4% |
| 2019 | $2.8000 | $3.0400 | +8.6% |
| 2018 | $2.2800 | $2.8000 | +22.8% |
| 2017 | $2.1600 | $2.2800 | +5.6% |
| 2016 | $4.0800 | $2.1600 | -47.1% |
| 2015 | $1.7600 | $4.0800 | +131.8% |
| 2014 | $1.5200 | $1.7600 | +15.8% |
| 2013 | $2.0200 | $1.5200 | -24.8% |
| 2012 | $1.2400 | $2.0200 | +62.9% |
| 2011 | $1.0800 | $1.2400 | +14.8% |
| 2010 | $1.0000 | $1.0800 | +8.0% |
| 2009 | $0.9600 | $1.0000 | +4.2% |
| 2008 | $0.7500 | $0.9600 | +28.0% |
| 2007 | $0.5200 | $0.7500 | +44.2% |
| 2006 | $0.4850 | $0.5200 | +7.2% |
| 2005 | $0.4000 | $0.4850 | +21.3% |
| 2004 | $0.3500 | $0.4000 | +14.3% |
| 2003 | $0.3250 | $0.3500 | +7.7% |
| 2002 | $0.3050 | $0.3250 | +6.6% |
| 2001 | $0.2700 | $0.3050 | +13.0% |
| 2000 | $0.2150 | $0.2700 | +25.6% |
| 1999 | $0.1775 | $0.2150 | +21.1% |
| 1998 | $0.1400 | $0.1775 | +26.8% |
| 1997 | $0.1113 | $0.1400 | +25.8% |
| 1996 | $0.0862 | $0.1113 | +29.0% |
| 1995 | $0.0688 | $0.0862 | +25.5% |
| 1994 | $0.0556 | $0.0688 | +23.6% |
| 1993 | $0.0469 | $0.0556 | +18.7% |
| 1992 | $0.0422 | $0.0469 | +11.1% |
| 1991 | $0.0384 | $0.0422 | +9.8% |
| 1990 | $0.0269 | $0.0384 | +43.0% |
| 1989 | $0.0197 | $0.0269 | +36.5% |
| 1988 | $0.0138 | $0.0197 | +43.2% |
| 1987 | — | $0.0138 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for T. Rowe Price (TROW) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.14B
YoY change
+0.7%
5Y CAGR
+6.2%
Peak year (2021)
$1.70B
Latest annual
$1.14B
Cash dividends paid over time for T. Rowe Price (TROW)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for T. Rowe Price (TROW)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.14B | +0.7% | +$7.40M | ||
| 2024 | $1.14B | +1.2% | +$13.90M | ||
| 2023 | $1.12B | +1.3% | +$14.30M | ||
| 2022 | $1.11B | -34.9% | -$594.50M | ||
| 2021 | $1.70B | +101.2% | +$856.10M | ||
| 2020 | $845.80M | +15.2% | +$111.90M | ||
| 2019 | $733.90M | +5.7% | +$39.60M | ||
| 2018 | $694.30M | +23.3% | +$131.20M | ||
| 2017 | $563.10M | +4.1% | +$22.30M | ||
| 2016 | $540.80M | -48.9% | -$518.20M | ||
| 2015 | $1.06B | +129.2% | +$596.90M | ||
| 2014 | $462.10M | +16.5% | +$65.40M | ||
| 2013 | $396.70M | -34.3% | -$206.70M | ||
| 2012 | $603.40M | +89.8% | +$285.50M | ||
| 2011 | $317.90M | +14.0% | +$39.00M | ||
| 2010 | $278.90M | +8.6% | +$22.00M | ||
| 2009 | $256.90M | -17.8% | -$55.60M | ||
| 2008 | $312.50M | +73.3% | +$132.20M | ||
| 2007 | $180.30M | +22.2% | +$32.70M | ||
| 2006 | $147.60M | +23.5% | +$28.07M | ||
| 2005 | $119.53M | +24.3% | +$23.37M | ||
| 2004 | $96.16M | +14.9% | +$12.49M | ||
| 2003 | $83.67M | +6.3% | +$4.97M | ||
| 2002 | $78.70M | +6.6% | +$4.86M | ||
| 2001 | $73.84M | +17.4% | +$10.96M | ||
| 2000 | $62.88M | +30.3% | +$14.64M | ||
| 1999 | $48.24M | +19.4% | +$7.84M | ||
| 1998 | $40.40M | +34.2% | +$10.30M | ||
| 1997 | $30.10M | +24.9% | +$6.00M | ||
| 1996 | $24.10M | +31.7% | +$5.80M | ||
| 1995 | $18.30M | +21.2% | +$3.20M | ||
| 1994 | $15.10M | +24.8% | +$3.00M | ||
| 1993 | $12.10M | +16.3% | +$1.70M | ||
| 1992 | $10.40M | +13.0% | +$1.20M | ||
| 1991 | $9.20M | +7.0% | +$600,000 | ||
| 1990 | $8.60M | +26.5% | +$1.80M | ||
| 1989 | $6.80M | — | — |
The 2025 reading of T. Rowe Price (TROW) dividends paid is $1.14B – edged up 0.7% year-over-year.
T. Rowe Price dividends paid compound annual growth for the 2020–2025 (5 years) window is +6.2%, sustaining 3 straight years of year-over-year growth.
T. Rowe Price dividends paid plunged from $1.70B in 2021 to $1.14B in 2025, a 32.8% drawdown.
Across the available history, dividends paid reached its high of $1.70B in 2021 and its low of $6.80M in 1989.
T. Rowe Price (TROW) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of $5.36B.
T. Rowe Price Dividends Paid 2025: $1.14B
T. Rowe Price dividends paid in 2025 was $1.14B, edged up 0.7% from 2024.
T. Rowe Price Dividends Paid 2024: $1.14B
T. Rowe Price dividends paid in 2024 was $1.14B, edged up 1.2% from 2023.
T. Rowe Price Dividends Paid 2023: $1.12B
T. Rowe Price dividends paid in 2023 was $1.12B, edged up 1.3% from 2022.
T. Rowe Price Dividends Paid 2022: $1.11B
T. Rowe Price dividends paid in 2022 was $1.11B, plunged 34.9% below 2021.
T. Rowe Price Dividends Paid 2021: $1.70B
T. Rowe Price dividends paid in 2021 was $1.70B.
See more financial history for T. Rowe Price (TROW).
Sector peers by dividends paid
Companies in the same sector as T. Rowe Price, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does T. Rowe Price pay dividends?
Yes, T. Rowe Price (TROW) pays quarterly dividends of approximately $5.11 per share annually, yielding 5.02%.
What is T. Rowe Price's dividend yield?
T. Rowe Price (TROW) has a current dividend yield of 5.02%.
Is T. Rowe Price's dividend safe?
T. Rowe Price (TROW) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has T. Rowe Price increased its dividend?
T. Rowe Price (TROW) has 4 consecutive years of dividend increases.
What is T. Rowe Price's dividend payout ratio?
T. Rowe Price (TROW) has a dividend payout ratio of 54.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is T. Rowe Price's dividends paid?
Latest reported dividends paid for T. Rowe Price (TROW) is $1.14B (period ending March 31, 2026).
How has T. Rowe Price dividends paid changed year-over-year?
T. Rowe Price (TROW) dividends paid changed +0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of T. Rowe Price dividends paid?
T. Rowe Price (TROW) dividends paid compound annual growth rate is +6.2% over the most recent 5 years available.
When did T. Rowe Price dividends paid hit its highest annual value?
T. Rowe Price dividends paid reached its highest annual value of $1.70B in 2021.
What was T. Rowe Price dividends paid in 2024?
T. Rowe Price (TROW) dividends paid in 2024 was $1.14B.
What was T. Rowe Price dividends paid in 2025?
T. Rowe Price (TROW) dividends paid in 2025 was $1.14B.
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