BALTIMORE, Nov. 1, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.24 per share payable December 27, 2024, to stockholders of record as of the close of business on December 13, 2024.

ABOUT T. ROWE PRICEFounded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages $1.63 trillion in assets under management as of September 30, 2024. About two-thirds of the assets under management are retirement-related. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

BALTIMORE, Nov. 1, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported its financial results for the third quarter of 2024. The earnings release can be found on the firm's website at troweprice.com/newsroom.

Chair, CEO, and President Rob Sharps and Chief Financial Officer Jen Dardis will provide an update on business performance, review financial results, and answer questions on a webcast today from 8:00 - 8:45 AM (Eastern Time). To access the webcast or to obtain dial-in instructions to ask a question, please visit investors.troweprice.com.

T. Rowe Price Technology ETF (TTEQ) began trading on NASDAQ today

BALTIMORE, Oct. 24, 2024 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the launch of its first thematic actively managed exchange-traded fund, T. Rowe Price Technology ETF (Ticker: TTEQ). The new ETF began trading on the NASDAQ exchange today.

The T. Rowe Price Technology ETF focuses on the technology sector, applying an active and opportunistic approach to a global technology universe. With a portfolio of 40-50 high-conviction investments, the ETF centers on the most innovative and fastest-growing subsectors of the market that are powered by technology over a full market cycle.

Survey highlights the retirement attitudes and behaviors of American sports fans at the intersection of National Retirement Security Week and the Major League baseball playoffs

BALTIMORE, Oct. 21, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and leader in retirement today announced new survey findings which revealed that 51% of American sports fans are more likely to know their favorite sports team's record than how much they have saved for retirement. Additionally, 64% of Americans believe that they started thinking about retirement later than they should have, and nearly 2 in 5 employed Americans feel they're behind and catching up with their retirement goals but feel pressure to do more. Thirteen percent of employed Americans say they haven't even started yet. Conducted by Wakefield Research, the national survey is representative of 1,000 adults aged 18 and older.

Managed Lifetime Income provides predictable, guaranteed retirement income for life

BALTIMORE, Oct. 15, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and leader in retirement, today announced the launch of Managed Lifetime Income (MLI), a new retirement solution designed to provide retirees in a defined contribution plan with stable and predictable monthly income for life. MLI combines a managed payout investment from T. Rowe Price with a Qualifying Longevity Annuity Contract (QLAC) from Pacific Life, a leading provider of innovative insurance and annuity solutions, to offer a unique union of professional asset management and guaranteed monthly payouts.

BALTIMORE, Oct. 10, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.63 trillion as of September 30, 2024. Preliminary net outflows were $4.9 billion for September 2024 and $12.2 billion for the quarter-ended September 30, 2024. Preliminary quarterly net flows include $0.8 billion of Manager-driven distributions.

The below table shows the firm's assets under management as of September 30, 2024, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.

BALTIMORE, Oct. 8, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, has published financial planning tips to guide retirement savers through every stage of their journey, underscoring the importance of retirement planning and the impact it can have on financial confidence and outcomes. In fact, according to a recent T. Rowe Price survey, pre-retirees with a formal, written financial plan are over 60% more confident about their retirement outlook compared to those without one.

BALTIMORE, Oct. 2, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and leader in retirement, today published a new white paper that found a drawdown withdrawal strategy in retirement—where income is derived from principal and portfolio returns—paired with guaranteed1 income from a deferred annuity, can provide a high level of retirement income and while maintaining adequate liquidity for retirees.

"There is a common misunderstanding that annuities are an all or nothing decision for retirees," said Berg Cui, Ph. D., senior quantitative investment analyst at T. Rowe Price and author of the paper. "We believe that pairing annuities with a drawdown strategy could create a more balanced retirement income experience that better matches a retiree's needs for both income and access to funds."

26-year company veteran Justin Thomson to lead new initiative focused on investment talent development and institutional/intermediary client education

BALTIMORE, Oct. 1, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and leader in retirement, announced it is forming the T. Rowe Price Investment Institute for the dual purposes of enhancing the firm's investment talent development and strengthening the delivery of T. Rowe Price's proprietary investment insights to clients. Justin Thomson, head of International Equity and a chief investment officer, has been named to head the Institute, which is scheduled to launch on January 1, 2025.

T. Rowe Price investment experts to discuss U.S. presidential election critical policy issues, including the economy, trade, and the energy transition

BALTIMORE, Sept. 24, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, is launching the third season of its investment-themed podcast series "The Angle", which will focus on the upcoming U.S. presidential election. "Inside the U.S. Election Maze: Unraveling Fiscal, Trade, and Energy Plans" debuts tomorrow, September 25th, with new episodes dropping weekly.