T. Rowe Price ($TROW) increased its quarterly dividend by 1.64%, from $1.22 to $1.24 per share.
The dividend is payable on 28 March to shareholders of record on 15 March. The ex-dividend date is 14 March.
TROW's contribution to DivGro's projected annual dividend income will increase by $12.00 to $744.00.
I own 150 shares of TROW at an average cost basis of $88.49 per share. Following this increase, my yield on cost is 5.61%. (TROW's forward yield is 4.52% at $109.70 per share).
TROW became DivGro's 30th Home Run stock in January 2021, when the stock doubled my original capital outlay.
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