T Rowe Price Group chooses to pay an extra dividend of 3 dollars per share.
The background is that TROW have a very strong balance sheet and wants to give shareholders an extra payment, thank you TROW!
"T. Rowe Price is a global investment company. The company focuses on asset management, pension solutions, account management and new investments around the global market. The services focus mainly on larger companies and institutions. The largest operations are in North America, Europe and the Middle East."
In February, the company increased its regular quarterly dividend by 20%, which is very impressive. The company has a very good management, is debt-free, well-run and has raised dividends for 35 consecutive years. If you include the extra dividend, the forward yield lands at 3.8% based on closing at $ 192.63, excluding that it lands at 2.24%.
I have put together a nice YoC and it will be even better in the long run. Patience A&O!