T. Rowe Price raises quarterly dividend

T. Rowe PriceT. Rowe Price Group Incorporated

T. Rowe Price Group announced Thursday it was raising its quarterly dividend by 12 percent to 38 cents per share. The dividend will be paid March 27 to those who are shareholders as of March 13.

The Baltimore-based money manager said it has increased its annual dividend 27 years in a row since going public in 1986.

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