BALTIMORE, Aug. 1, 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 September 27, 2012 to stockholders of record as of the close of business on September 13, 2012.

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $541.7 billion in assets under management as of June 30, 2012. 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 a variety of 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: Brian Lewbart, +1-410-345-2242, of T. Rowe Price Group