Last week T. Rowe Price (TROW) raised its quarterly dividend 21%. This dividend action is the 20th consecutive year the company has raised its quarterly dividend.
One technical factor to review when purchasing dividend growth stocks is the company's current yield relative to the historical yield for the stock. The 15-year range of the yield for TROW is a high yield of 2.6% and a low yield of .8%. The new yield on the new quarterly dividend is 1.5%.
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