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Press release from PR Newswire

T. Rowe Price Group Declares Quarterly Dividend

Thursday, February 23, 2012

T. Rowe Price Group Declares Quarterly Dividend11:47 EST Thursday, February 23, 2012BALTIMORE, Feb. 23, 2012 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.34 per share payable March 29, 2012 to stockholders of record as of the close of business on March 15, 2012. The quarterly dividend rate represents a 10% increase over the previous quarterly dividend rate of $0.31 per share. This will mark the 26th consecutive year since the firm's initial public offering that the company will have increased its annual dividend.Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com) is a global investment management organization with $489.5 billion in assets under management as of December 31, 2011. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.SOURCE T. Rowe Price Group, Inc.For further information: CONTACT: Brian Lewbart, +1-410-345-2242, Bill Benintende, +1-410-345-3482, Heather McDonold, +1-410-345-6617 all of T. Rowe Price Group